It will be interesting to see when the option holders make their collective decision to convert the options which for the majority are a free carry. The last date for conversation is 31st July 2020 but I guess that SUD would really like to get the money into their bank at least 12 months earlier, say June 2019. So how do you encourage holders to sell?.........do you rely on a high share price? ..but that cannot be maintained without additional deals and newer users. It may be a case that the near future deals have sufficient up fronts that dispenses with the need for the options to convert.

My thought is quite simple, asuming of course on 2 contributors, 1) Income stream into SUDs coffers from their deals and 2) Paying a dividend to holders of heads but not option holders. I reckon that is a big stick to get a carrott.

What thoughts have anyone else on this matter? interesting conversation to have.

kippax