chicken or the egg, page-13

they know their sells at 9.7 and 9.8 are safe from being bought by existing holders.

why pay that on market for heads only when you could over subscribe to the CR and get them at 9.75 + a free oppie (which even at current prices is still probably worth 1c-1.5c.)

they would have to offer them at 8.5c to make them attractive. the only thing that would make them vulnerable to being bought is a big ann, and that would come after a TH which would enable the sellers to take the offers down.

they look like a SP cap. you have to assume they are related to the CR, and in particular, those 16 million instantly in the money free oppies up for grabs. the potential return off those if the same players decide to ramp the MNM SP back to 25c is more than enough incentive for them to play games here.

interesting times.