Mate, I'm not trying to burst your bubble or curb your...

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