According to strike101 yesterday there will be a dilution effect of 5% on conversion.
It looks like the strike price is the average of the share price between 9 April and 9 May. To my mind this means it is in the interests of whoever owns them to keep the price down untill after conversion - presumably the institutions, but who else ?
OSH are definitely not taking advantage of the low share price to buy back - in the scheme of things they are hardly buying any - why ? ......being cynical they may be helping out who ever holds these CPS ???
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Held