Having not been part of a option conversion before with a company I was wondering whether this was a high conversion number. I thought it looked pretty high, but I had nothing to base it on. What it shows to me is high confidence in the share price going up and beyond 0.006 (for the conversion of the piggy backs). With the price of heads at 0.003 or 0.004 people could have put their money into buying more heads, but they chose to convert to get those piggy back options. Good stuff.
Ann: Options Update for Shareholders, page-5
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