Ann: Investor Webinar, page-128

Hi Opel, I think when people convert, will depend on personal circumstances as well as preference. For some that I have spoken to, they have loaded up on oppies by selling down some heads, They would need to find a lot of $$s to convert. So they may sell down the remaining heads as well as some cash to convert, or sell down oppies or a combination of both. Some may wait until the oppies are much higher and closer to the expiry, so as to reduce the heads they have to sell. I hope many convert early so we avoid a need for a CR Time will tell. Btw, plenty of strategies out there and this is not advice.