Only ~11 weeks to go now for these puppies before 20 Sept...

Only ~11 weeks to go now for these puppies before 20 Sept expiry. Will we see real share price action here or just window dressing?

As of last week the total number of AW1O/Listed Options stood at 31,124,207

If results and news flow comes shortly then the battle will be well and truly on with the brokers & bookrunners who will imo use every trick in the book to prevent the share price from rising above the ex price. I think these vultures will be very keen to see the options expire worthless so they can prevent AW1 from getting the ~$6.2m cash from option holders exercising at 20c, in turn aiding their own chances of getting a whole new tranche of free-attaching options in a future accelerated soph/tute/broker underwritten placement that they can churn back out onto retail again.

The share price needs to effectively double from today to make this even a marginally profitable venture for most secondhand options holders. More for those who bought parcels early on. Let’s hope the company has the reserve firepower - and sees the benefit - of getting the cash in from making good on the options (by getting them in the money) rather than giving over to the vultures yet again. The clock is running down pretty fast now.