Broker data, page-71

The game is pretty simple Mal. For someone who owns both 1M CDY and 1M CDYO, if they can sell their CDY at 3.6c and use the proceeds to convert their CDYO at 3.4c they then are able to pocket the extra couple of thousand $ difference.

While the options are available for conversion they have been acting as an overhang and holding the CDY share price down artificially. That overhang will disappear next week, and so should the dumping, and we can expect the CDY price then to move to something consistent with all the positive announcements. Should be last opportunities to buy CDY at these levels.