Ann: Change in substantial holding - Buratu, page-210

the technicals is what has changed.

when I was "ramping", i genuinely thought this could rise to 2c based on the excitement generated around this stock. buying at 1.3 and selling at 2c is still a tidy profit, no?

but, it seems like it's is unlikely it will get to 2c now, so I've sold and I think the SP will retreat, hence my sentiment.

the half a Billion (almost) options at 1.2c strike is turning out to be a real drag / dilution. there needs to be some awesome kick arse news to firstly, bring those oppies into the money and secondly, disincentivise ppl from selling the converted heads.

if fully converted, the oppies will add an extra 50% (almost) to market cap. that's pretty heavy dilution effect.

hope that is a satisfactory answer. if you are "long term" in ADN, probably not the type of answer you are after so apologies in advance.