ADO 0.00% 2.1¢ anteotech ltd

12 mil oppies due for convert 5.5c

  1. 219 Posts.
    So far we have had just over 2 mil of the 5.5 oppies converted. Looks like some selling off to convert these oppies. As they owned by insiders.

    Makes sense to sell down at 7-8c to buy for 5.5c.

    Will be very interested how much money they try to borrow to fund this oppies conversion. As the last 6.5c conversion cost them several million.

    Selling down has been small relative to how many need to be converted.

    I will guage very high sentiment going forward if all 12 mil converted with not a lot being sold on market.

    Average sentiment for selling on market to fund these Oppies.

    Low sentiment is not all oppies being converted for my money.

    This is one to watch for very ST insider sentiment IMO.

    So much for the 52c Oppie conversion- yer we wish...Lol
 
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