1. Shows confidence in the company.
2. Convert now and the 12 month CGT clock starts ticking.
3. Might be holding several million options, and at $20k per million, the punter might be spreading the spend due to cash flow mgt issues.
Many reasons to convert.
Many reasons to wait.
Personally, I was planning on starting to convert mine once the flow rates were known.
Ann: Appendix 3B, page-12
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