"now the sudden increase in holdings of the con note holders is a guaranteed windfall if they simply sell them and return to their original holding positions prior to the notes maturity - free hit - there would seem a P & D is now in order to allow the fast dispatch of their "newies" rather than dribble them into the market over time suppressing the SP for a while."
its even better....they can sell and still be better off as they have increased exposure to the upside with the options thrown in.....they have played this oh so well. i am absolutely dirty at management over the Cnote disaster (for us retail saps). I wonder who was responsible for floating the idea and how the 4 million funding goal was derived and what happened to fark it up? These hard questions never go answered. Trust must be restored, new deals need to be done.
HMD Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
