Say there's a decent ann and the market responds positively and trades above 20 cents. We're late in the day as far as the oppies are concerned and most of the oppies holders would be those playing ASX Roulette who would not have the large $'s amount @ 20 cents per oppie to convert----as time's running out they'd trade the oppies to get some cash back which would obviously keep the price well down, that's how oppies work near the death.
If there was an ann that surprised and blew the share price well above the conversion price then those with big $'s and the stomach for it might convert if it was a no brainer compared to trading the oppies. They'd have to be fleet of foot though given the process and they'd be hoping the share price doesn't fall just as fast as it rose.
Interesting times.
AW1 Price at posting:
12.8¢ Sentiment: None Disclosure: Not Held
