good point there alecfra. will take note.
i reckon what u mean by massive conversion is the 85mil options to be converted by feb2011 at 0.065
well judgin at the sp action from the previous conversion:
100mil coptions at 0.012 sept2010 (~15% of total share registry that time)
sp was lingered between 4-7c between the period May to Dec. yes the sp was 9c after that Bangs deal but we all know that some sort of retrace has to occur after that impressive 8bag run in jan and it did healthily.
if we look more into the sept/oct peroid, pre and post options conversion, e lowest it reached was 0.043 on oct 5.
this time round, we will have options to be exercised at a much higher price, bring in 5.2 mil cash to the coy which from my earlier post will tide thru to 2012.
well 3 points i really wanna make is
1. conversion is smaller compared to the one in sept
2. 5.2mil cash for the coy (no need for CR to dilute, but for true shareholders)
3. lastly, will this sort of conversion cap sp when an announcement of an agreement comes about?
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