ACM have released at loyalty entitlement offer
hell of a good deal guys, cut of is the 12th of October so if you buy on Monday you will be entitled to them.
offer is 2.5 shares held gives you one option ( example 100k shares you are entitled to 40k options)
cost of the loyalty options is only 0.005c
exercise price is 30c
current SP is 29.5c
so for example of Monday you buy 100k shares at 35c
it will cost you $3500 for options and give you 40k shares
to purchase these shares will only cost $200.
I would say once they come on line they would trade for around 5c a share so would be worth $2000 or a profit of $1800 on your purchase price.
that’s a hell of a deal.
- Forums
- ASX - Short Term Trading
- short term trading weekend 7-8 October 2023
ACM have released at loyalty entitlement offerhell of a good...
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)