the people who would want to convert their options into shares are Bhushan. by converting their options to shares they put money into Bowen whom they are intending to take over therefore the money goes from the left pocket into the right and not into shareholders selling out. a close look at Bowen's coal assets shows a huge asset going for a song. if a raider jumped in things would get real interesting very quick as even if the raider failed to get control they would have a substantial free carried interest in producing coal mines if and when they are developed. also savni holdings cannot hide their identity forever and i suspect if they want to vote on resolutions they are going to have to show exactly who they are. a very interesting situation don't you think?
BWN Price at posting:
8.0¢ Sentiment: None Disclosure: Held
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