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Broker data, page-74

  1. 5,298 Posts.
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    Thanks for that info Taurean. I was about to post asking if anyone has an idea why this is getting smashed back down every time it clears 3.3 ish level and that makes perfect sense. Will be interesting to see if it plays out but with the last couple of announcements it has been hard to understand why the higher levels have not been held. I assume that even if the seller could buy at conversion price or lower on market instead of converting, the chances are they could not get the quantity they want so it still makes sense to convert options even at a slightly higher cost if they sold at 3.6 to 4.0 range.

    Glad to hear their time is up in a week or so, might be very interesting after as the same punters will then be very keen to see it go up rather than down.

    With sales increasing as they are and not even selling into the US yet it looks like cashflow positive will be here very soon, a great bonus for any small biotec.
 
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