Ann: Notice of Expiry of NXROA options, page-5

They'd have to pump them to well over 5c so when they dump they can dump down to 5c without losing money. I'm not sure what that figure is but I'm sure you could work it out based on the number of option conversions and the respective dilution whilst using 5c as the base price. So we have 183mill shares on the register. 58.6mill options due to expire on Dec 31. That's approx 32% dilution. So at the moment market cap is 8.99mill based on 183million shares. At 5c market cap is 9.175mill. So to maintain a market cap of 9.175mill with 241.6mill shares on offer the SP would drop to 3.79c. However to maintain relative value of converted options the market cap at time of conversion will need to be 12.08mill.(241.6 x .05). That equates to a SP with current number of shares on issue (183mill) prior to option conversion of 6.6c.
Therefore, I would expect the SP to increase to above 6.6 by Dec 31 if the options are going to be exercised profitably. Hypothetically of course. This is all back of the coaster stuff plus it's Friday arvo and I've had a few beers so DONT rely on my logic. It's probably flawed anyway! Have a good weekend.