Ann: Listed Options Final Result, page-4

Despite what many will say, 91% conversion when the SP is 2 cents and the conversion was 1.5 cents which is currently a 25% discount is still not good enough. I knew we wouldn't get them all converted, but I'm still disappointed to be proven correct. A vote of confidence with the numbers I just quoted would have been 100% conversion, and the SP should have been mid 2's. Anyway, it is what it is. I'm glad there will be many who are happy with the result, I'm dubious about it.

I know my thoughts have seldom been accepted graciously here, but that's ok. I've made a profit from my views, but would have liked to see PMY perform better. The majority of my profit was locked in when I saw they most likely wouldn't have substantial news to lift the SP back in October. To that end I was correct. I'm watching and waiting to see if they will get on with it now that the options are gone as many have said should happen. I've been clear about my thoughts on this previously.

All the very best.

TOWB