The fact that ILAO are listed is almost irrelevant. The large on market buyers are now holding large parcels of ILAO. So why would they continue to buy on market?
RAC is currently experiencing the exact same phenomena. ~85% of holders have an additional ~15% of their holding in 'in the money' options that won't expire for another 18 months. Result - volume has flatlined.
This is what happened in the weeks after RAC's previous batch of options lapsed. 37% rise in SP and massive volume spike. I expect the same to happen here.
Supply isn't high - neither is demand. It's a false market.
ILA Price at posting:
15.5¢ Sentiment: Buy Disclosure: Not Held
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