my thoughts on the sell down of the SP is to make options unconvertible at expiry date.
Meaning holders who have paid $o.xx ? and have to pay a further 30cents to convert will
be paying more than the current SP. When you consider that the options traded up to $0.44cents
there are some holders needing an SP of 74cents to keep up.
There were up to 15 million options in the Dec. 2018 conversion catergory initially, and more have
been added since they were issued.
No name mentioned here, but I am sure they will be prepared to scoop up millions of options
at a few cents come December. Whether they do ? it all depends on the SP
all IMO
HZR Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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