| Subject: 8.94153968935179479672072423511526.7 <b>8.95c rounded Correction |
Author:
anon
|
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 22:40:52 07/11/02 Thu
In reply to:
Steve Bonkers.
's message, "Re:Total number of shares options 972,086,550 2/2/2002." on 16:41:09 02/01/02 Fri
The 75.5 million shares are added to the 848 million tradeable shares. Additional to the 848 million, there are further underlying directors options and so forth a figure of 923.5 million shares is obtained, factor in the remaining Motorola convertible notes 5.8 million in number that are exercisable into 17,486,797 shares adding that figure to the 923.5 equals 940.98679. Adding 8 million options (if certain performance criteria is met.), it does not state what the conversion ratio is assuming 1 for 1-- 948.98679 x 8.4% = 7.971489, haven't added up all the directors options yet will do so later, it does state the figure of 8.4% is approximate, I'm sure but cannot conclusively state untill I check, that it would as ERG have filed in the media release equate to 8.4% of ERG's capital, a close look at the wording once again however confirms that as the word "issued" has been omitted, the options quoted have not been exercised yet.
The consolidated entity to date so far has incurred $3,189,000 relating to SITS contract 2001. (Sydney)
Adding all the options together to the total number of shares on issue so far I make 948,98679 plus director employee options/sharesof 23,100,550 equaling 972,086,550
---------------------------------------------------------------
972,086,550 divided by the recent capital gain of 22 million (sale of EDI Downer) plus 65 million from Victorian Governement (OneLink) equals
87 million divided by 972,086,550 equals 8.94153968935179479672072423511526.7 8.95c rounded
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
| |
Feedback: 