Mate, I'm not trying to burst your bubble or curb your enthusiasm in any way, but you need to read this announcement for what it is.
It's what I call a "boilerplate" (or routine) announcement that is made when the Company issues some new shares.
In this case, someone has converted 60,500 options into fully paid shares for the amount of $726.
I think you would agree it's not exactly earth-shattering news.
What I do find interesting is that this is another shareholder who has converted these options 2.5 Years BEFORE the exercise date (There was one about a week or so ago but for a much larger number of options.
Reasons for doing this may be'
1. To reset the CGT start date in the event of a likely Capital Event. (possibly resulting from an anticipated sale, restructure etc).
2. An aversion to holding options. A lot of people do not understand them and feel more comfortable holding fully paid shares. (Since this is a relatively small number of shares, my money would be on (2) as the reason. )
This announcement by itself is not going to move the needle here.
Cheers
dc
AQD Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
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