Yes, I get your point Cadgee, most of what we are discussing on...

Yes, I get your point Cadgee, most of what we are discussing on here is speculation

In the AR it stated Wilbert had 12.83M options @ 0.064 expiring 29/11/25 so it may be he hasn't converted any of them yet, we just don't know. I suspect that his financial situation is rather different to Guido for example and that he may not be so focused on minimising his tax bill down the track in the US.

The next big lump of options due that are currently in the money are owned by DM (via his wife) - 7M @ 0.052 expiring 22/1/24. Hopefully he won't feel the need to sell many or any of these after conversion - he has a one-off capital return of 0.19 per share coming to him via Invex (IXC) and as a Director he holds 3.35M shares. The IXC General Meeting to vote on the capital return is taking place on 5/12 and the funds - if approved - will be paid out on 18/12, just in time for him to use to convert his 4DS options. Pure speculation on my part obviously.