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Looking back at past announcements, Santos has 20 million ICN...

  1. kyme
    1,445 Posts.
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    02/12/06
    20:26
    Post #: 1972854
    Looking back at past announcements, Santos has 20 million ICN options they can convert to shares between 31 Dec 06 and 31 Dec 08, at price 20% below previous 5 day average. If Santos intend exercising their options 31 dec 06 it would be in Icon's interest to work on share price next few weeks. I would think Santos adding to their ICN holdings would be positive for the company even at the discount.
    ICN Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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