mr pselling a few to pay the cost of conversion is happening all...

mr p
selling a few to pay the cost of conversion is happening all thetime,same with gda,some with the other options 9a and b).
if you don't convert nothing happens other than the consol, the effect of not beig i the freebies is those that don't convert have less % of the total shares in the company than if they did,sort of goes like this
say there is 600m shares now and they become 60m
and say there are 100m options at the moment and they become 10m.
and say you have 1 m options now and you don't convert and they become 100k options. if there were no free shares or options it all stays the same regarding the percentage of the company you own or that you have an option to own....
it would work like this, only as an example....
60m gda
10 m options (either a,b or c)
equals 70m shares assuming all end up getting converted before they expire whenever.
you own 100k out of 70m.

with the one free GDA bonus for every 8 owned, that will take the total gda to 60+7.5= 67.5m GDA
and the new options are 3 for every 5 ( not sure if it is 3 for 5 on just the 60m or the 67.5m), but let's say it is on the 67.5m , divide by 5 =13.5m times 3 = 40.5m new options distributed amongst only the holders of GDA at the time.
So if you don't take advantage of converting the options in time,instead of having 100k out of 70m you have 100k out of
118m ( gda and options).(60+10+7.5+40.5).
The new free GDAOC are the value from what my calculations and value growth scenarios depict.
On the other side to balance the arguement, those who have GDA would be hoping as few as posible option holdersconvert for the reasons above, i,e,the less diluted the total is as fewer bonus and free options are given out te smaler the number of GDA in existence.
I know it looks confusing but once you really get your head around it I reckon it's a fantastic opportunityparticularly ifthe news keepscoming as I think it will and the share price maintains it's pre consol proportional value after consol as FLX pretty much did because they were emerging as a company.If GDA does the same, it has the potential to be significant for shareholders. The risk it there is no news, it's all bad and the consol price retreats to effectively halve the current market cap.If I thought that was a high likelihood, I would have sold today, not bought.
My comsec screen has frozen again so I can't see what's happening with the trading data but will reboot in a sec.
cheers FS.