My dear andrewe,
This letter is very hard to write.
I'm sorry it's come to this but I don't think we should see each other anymore. There. I said it. I didn't mean to hurt you but sometimes people just grow apart. I hope you don't take it too badly. Sorry.
> focusing on the perceived mathematical error
Not a mathematical error but an error in logic, par for the course I'm afraid.
We all make these errors occassionally - I made one just recently by assuming that none of the large holders had sold - but when it was pointed out that we wouldn't know since they were all under 5% I accepted that I was wrong.
The fact that you couldn't even face up to this absolutely blatant mistake and lie that you "meant it" shows what you are.
I almost feel sorry for T4P, doesn't he deserve a smarter stalker for all his good work ?
mikey
PS, re-read what you wrote for a laugh or two...
"it was deliberate, not a mistake."
the under writing almost ensures that there will be a high percentage who convert their options becuase the punters think that they wouldnt underwrite them if they didnt think it was commercial.
effectively they provide a guarantee.
eg share price is at 28c and options are worth .5c do you throw away the 10c 20c or 30c you paid for them or convert? if you let them go you may just see the share price rebound up to $1 after you let go.
so what do you do?
you convert (or a large percentage will).
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