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Progen Pharmaceuticals Limited Message Board

  • bobcat98_99 bobcat98_99 Oct 29, 2003 9:18 AM Flag


    "The issue will be prescribed on the basis of one option for every eight shares held on the record date."

    Are the options issued to your account as an additional share for every 8 at the time the board sets? I don't mind getting more shares relative to what I own. My thought is that it would give me say 1000 additional shares but dilute the value of the 8000 in possesion. I may be way off base here but it looks to me like I will have 9000 shares at $1.00 instead of 8000 shares at $1.12.(I didn't crunch the #'s so probably not showing actual values) Anyway just curious if anyone can clear me up on it.

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