Thanks Pleb, I remember now. Those sophisticated investors have to excercise their free 52million+ unlisted options within the next 11 months to get anything from them and that means the price needs to be comfortably above 1c to give them some chance of unloading the new shares onto the market and moving on. If that happens the directors get the money to pay them back the $525,000 and just need to come up with their interest on top + the costs involved in arranging it all. That then dilutes the value by 10% and caps the price as they sell and move on with their money back + interest and whatever they can score over 1c for their newly listed shares. Any flows, if they are commercial, will need to be substantial enough to overcome this price cap before they can move the price up. Of course it might be a ripper and everyone will be smiling but a non commercial result could be devastating at this time?
QPN Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held