ADN 6.25% 1.7¢ andromeda metals limited

Ann: Appendix 3B - Exercise of Options, page-6

  1. 2,981 Posts.
    lightbulb Created with Sketch. 1607
    That makes no sense to me at all! Why bother paying that extra money to convert into shares and then sell? If they didn't like the stock or the sp trend they would have just sold their options.
    IMO this is a long term holder who is has their own agenda for converting.
 
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