ABC news article, Kibaran featured, MD interviewed, page-32

there is that shumbi but there is a lot of oppie buyers who buy with no intention at all of paying to convert.
Often they hold more in converted value oppies than they have to pay for ie their usual position size in heads is say $20 grand but their Convertible Oppies would be $50grand.
Anyhow going offline for the day so can't chat further but your point shumbi also would have some conversion on Aug 8 even if SP was under 20 then.
So how far out of the money prompts non, very little conversion rate?

I don't hold any options. Rarely do in any share not in an uptrend and difficult to parcel buy On Market.
I don't think raising all of $900k in August is all that vital in the scheme of things.
The SP being "capped" under 20 is buggering last month Oppie Trading, no volume, no volatility, no chance to sell off excess requirements. So sad,too bad that's the Oppie Market.

cheers