It will depend on their investment brief to clients
I think the prior placement at 1.7c will stay on the register pretty well
I have found in the past, the convertible note style issues tend to be far less sticky
The biggest problem, is that if there is bad news during the year these types of arrangements tend to magnify any selloff, as they can exit at a discount
Additionally I have seen occasions where stock is sold off during to bring down the SP during the VWAP period, killing the price so a better conversion is achieved
I'm not saying that will happen here, just saying we do lose control of the register a little
GGP Price at posting:
2.6¢ Sentiment: None Disclosure: Held