Hmmm....
3 million options were converted 2 weeks ago, just as the share price was tanking (see 3B Notice 31/01/17).
That 3B came after close on Tues 31/01. I'd suggest the holder probably made the call Monday morning of 30 Jan, after the price reached a high of 14c on Fri 27/01. Good time to take some profits, fair enough... or maybe they had a 'sixth sense' about the pending announcement just days later, which saw the price halve on poor news (see Mt Edwards update 03/02/17).
Column 1 Column 2 Column 3 Column 4 0 Date Close Daily loss Cum loss 1 3-Feb-17 4.4 -46% -65% 2 2-Feb-17 8.2 -12% -34% 3 1-Feb-17 9.3 -11% -26% 4 31-Jan-17 10.5 -5% -16% 5 30-Jan-17 11 -12% -12% 6 27-Jan-17 12.5 0 0
Now today another 3B Notice for the same series of options (same holder?), but this time converting 6.9 million @ 2.4c. Perhaps another 'sixth sense' that its a good time to take more profits.
All I can say is, look out below!
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Hmmm.... 3 million options were converted 2 weeks ago, just as...
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