You blew it when you tried to impress people with the "story" of...

You blew it when you tried to impress people with the "story" of being up 3000%.

And do you know why?

Sure there are people who have been up that much or much more on individual stocks though it would be a pretty amazing average ...almost you could say unbelievable in 5 years.

What would be even stranger though and many would consider disappointing is that we underachievers (those that are not quite at the 3000% level yet) were under the misapprehension that those who were boundlessly wealthy were having more fun than us!

No the boundlessly wealthy are having no fun at all, no mates, no pressing engagements, no pleasures too tantalizing to describe on Hotcopper...no its a life down ramping a stock not held as an annoymous troll on an internet chat forum for the uber wealthy!! ha ha!

This hardly seems like the life of someone up 3000%, its certainly not the life I would choose... it would be one long surf and gold holiday for me, nota computer to be seen except for at the odd weather update..

More seriously as to the point of options being converted early, it is generally seen as a good sign...full stop.

It puts money in the companies coffers that can be well used at this stage of drilling.

It is undoubtedly better than not having options converted early.

If whoever has done it chooses to sell some of those to shares when issued, well its besides the point. Shares are being bought and sold by the millions each day with the company getting no income from this process. This gives fresh cash for tiny dilution at the point these shares do move in the market again.

Yep early option conversion is seen as a win and a sign of confidence. Its better than them not being converted until after we need the money...right now it will be money well spent.