I think it’s a reasonable deal from HAS management and just a shame it’s going to have a slightly suppressing impact on both heads and options in the final two weeks before conversion. Hopefully there is some market sentiment coming through that heads are clearly worth 33-34 cents and that helps option holders.
on that point, I note there is someone off screen buying up any HASO that are listed for 1.3 cents or lower.
I am certain in my mind that is the same player that consistently has 2 million heads listed at 28c trying to keep a lid on this. it’s a smart play and impossible to counter as a smaller holder. I do wish ASX/ASIC would for once do a proper investigation one of these option conversion manipulations.
HAS Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)