ASX Today, page-7956

source ready aim Fire
''the point is that if the holder, (stated as professional and sophisticated) and we don't know who got how many, only that there was 137,500,000 given out at no cost (see 88e anni of 27 oct 2016)thought SP was going up why would they exercise them now''

If they were that worried they would have sold way more than a measly few million. How much have they sold in total?, less than 10%. They bought at 4c, so it is a huge profit they are sitting on by any definition. No one has said that they knew how long they were going to invest for or what the strike price would be to crystalise profits.

I suspect many have without basis automatically assumed that the investment would be long term, even if there was no basis for that thought.