Oppies are just for Lantheus at 6c and unlisted, hence no trading value unless they are allowed to sell them on off-market. The 4c participants did not get any oppies. Therefore a "sell the heads and stick with options" is hardly to expect. And Lantheus isn't a trader, they want t/o RAD in the future.
Aggressive sell down today, let's hope for a forced seller who is done soon.
In the end RAD ends up with 2b-2.5b or even 3b shares if unlisted and listed oppies considered. But that still won't justify trading at or below cash backing. And each unlisted / listed option exercised would mean added cash. The current RADOs got their strike price above 20c, from memory. If they get converted in time hardly anyone would complain about that and the sp associated.
But we've seen that a lot on the ASX, maybe it's an Australian way to invest and to value assets.
GLTA
RAD Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
