Thought this lull is as good as time as any to convert those OA's - That differential is too much.
Will have fully paid ordinary and OBs left so will play the discounts as this fluctuates.
Cant see a major sell off due to MM exercising Options.
Noticed MM only did the 2M - Maybe see a cross today after trade to get the cash to pay for the 3M @18C - 2M at 27C fits the bill nicely.
Not everyone has a cool $1M just lying around so don't blame her if some of that hits the market. If not even better.
Cheers
$1.00 On The Horizon, page-535
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