Forum Archive Index - October 2001

[not important <cullen150@yahoo.com>]

Sorry- can one still buy and sell the options after
the AGM and up to March 2004 or is it like a record
date for dividends, after the AGM you are stuck with
the 6c purchase option?

ps) 4c IS expensive compared to 1c!
   
   Thanks - cullen150


--- Ken Donelan <kdonelan@ihug.co.nz> wrote:
> Once the amendment has been passed at the AGM later
> this month you will be
> entitled to purchase 1 Spectrum share @ 6c for each
> option owned and you
> will have until 31 March 2004 to to do this.
> 
> SPE options can be bought and sold on the NZSE just
> like ordinary shares.
> Their code is SPEOB.
> 
> The options are "worth a go" if you think that the
> price of the SPE shares
> will exceed 6c by 31/3/2004.
> 
> Is 0.4c (their last sale price)  expensive? Well you
> can get 25000 for $100
> so I think not.
> 
> Each company that issues options sets their own
> transfer price, expiry date
> and conditions but the principle remains the same
> for each of them
> 
> .
> 
> : "not important" <cullen150@yahoo.com>
> To: "sharechat" <sharechat@sharechat.co.nz>
> Sent: Wednesday, October 10, 2001 5:25 PM
> Subject: [sharechat] SPE options
> 
> 
> > Could somebody please explain what these options
> are
> > or what they entitle one to.
> >  Can they be bought and sold like 'normal' shares.
> >  Could they be worth a go? (although very
> expensive
> > compared to about a month ago!)
> >  Is this idea the same for all options? (what they
> > do/entitle).
> >
> >    Thanks sharechatters  :)     IN - 051nelluc
> >
> > __________________________________________________
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> 
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