IBX 7.69% 7.0¢ imagion biosystems limited

Ann: IBXO Options Underwriting Agreement, page-2

  1. 3,790 Posts.
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    Pretty horrible deal, it appears.

    Other people were willing to buy the options for $0.03+, and pay the $0.05 to exercise too. So their buy in price is $0.08+, as is the SP, so they don't have a great incentive to sell.

    This company get given a huge amount at $0.05? But the SP is $0.083. $808k worth is not that much, but it's 1% of the market cap. And with a 4% fee payable too!


    If IBX really need the $808k, then a raising at $0.07 would be less dilutive than this, which is equivalent to a raising at $0.05? Though a literal raising might be a bit more unpalatable (though logically it shouldn't be, since it's less dilutive).
 
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