While it's never a great feeling watching the SP dip, this mornings action is not totally unexpected. These sort of games are par for the course on share issuance days in my experience.
Putting in for more TLG shares than you really want, to increase the amount of options you have. This gives you until this time next year to convert @ 58c .. why wouldn't you if you have the funds available to play that game? At last look today's trades only value 600k, hardly earth shattering, possibly the strategy of one investor for all we know. Simply another example of how money goes to money.. the rich get richer, and if we're being honest we'd all like to be that guy. If you're familiar with the TLG story you would be thinking those options have a very high chance of being well in the money by then, maybe by 3 or 400%!! Unlike our loyalty options Talgarians. I have my doubts about those at this stage.. Unless Ebba Busch can get off her lovely arse and throw this appeal out very soon and the story can start progressing again.
Our day will come, DYOR, etc etc
TLG Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
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. I have my doubts about those at this stage.. Unless Ebba Busch can get off her lovely arse and throw this appeal out very soon and the story can start progressing again.
(20min delay)