Unfortunately , I reckon we're going to test 18.0 cents again. Eliminating any real chance of converting 100% of the remaining OC's and ALSO bringing into question the looming 15.0 cents Directors Options to raise a further $6 million which follow a few months later. In the end it will be o.k when the market realizes potentially that it doesn't have to worry about this extra $8 or $9 million since it's got its $54 million from the recent FTS issues.
The market will then like the fact there are LESS additional shares being issued and LESS easy pickin's for further Director's shares being issued at discounted prices. The market won't like it though when the Director's don't participate in taking those 15.0 cents options up. And how many existing shares would they have to sell in order to do so.......
Markets don't like ' uncertainty ' . And Sayona unfortunately gives them plenty of that - Hence why there are shorters with a view in the first place.
SYA Price at posting:
20.3¢ Sentiment: Buy Disclosure: Held
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