It was not RIM that converted the notes on the 20th August.
Hence why they provided a SH notice on the 29th August that showed their holdings were diluted.
Usually when a holder gets diluted and they want to get back to their existing holdings they chase down a seller....not the other way round.
More than likely RIM purchased a few extra for a trade(that's what these fundies do) and wanted to re balance by the end of the 1/4.
I make it that they paid 11.35 cps for the block they bought so no doubt after selling a few at 12.5, 12, 11.5 and many at 11 they probably came out ahead.....enough at least to buy sushi, ladies of the night and alcohol for the end of 1/4 office party.
Someone else was hovering up the shares @ 11cps.......I think they will do rather well.
Ann: Change in substantial holding, page-7
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Last
81.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.0M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 80.5¢ | $24.24K | 29.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22971 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 47565 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BRL (ASX) Chart |