To me its not emotion really. Lets look at it this way, people who put money in at 2c gets an oppie at 3c. those oppies wont expire til 2020 so thats quite a while to go yet.
selling at 3c and above gives them 50% win, sure the quality of the asset is here for all to see but brokers are there to make money for their clients yea? Not a bad win if you can make 50% and derisk yourself fully while still having the oppies on the side and when it goes up a lot, they just exercise and sell. Sure they make less by selling the shares issued to them but who is going to complain when they are still making a decent gain?
AVZ Price at posting:
3.0¢ Sentiment: None Disclosure: Held
