Strauss
ECM = Equity Capital Markets... otherwise known as Corporate Brokers.
I'm not saying the squeeze is on now. Just saying the decay curve still has some premium value that a lot of instos/professionals recognise and will sell into and buy the head stock....if they planned to exercise in the first place.
Don't for one moment think that all of the insto/other options "are long gone". Only 21m of the original 44m have traded in the more than 2 years since they were issued....so the majority of holders are still in there at 2c.
Cheers,
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