Big question is how many of those cheap 1 cent options are still left to sell? We know that 100 million 1 cent options were converted before the end of March. Since the last announcement on 29th March, over 500 million shares have been traded above 3 cents. You would have to think that the majority of those 100m cheap shares would have been dumped already?
The next lot of options to be converted are at 1.4 cents, on or before May 20 (30m shares)
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