There has been downward pressure on SP via on market sale of unlisted converted options. Has been going on since SP peaked at 6.2c as there were 221M unlisted options to convert at 3c by 23/2/2021.
Most of these have now been converted with only 44,212,329 shares remaining to convert by 23/2/2021. Soon as they are all gone in the next month or so on market the handbrake will be removed from the SP.
It has been a great time for people to top up regularly & build their holdings. Most shareholders are aware of what is going on with the converted options.
The big plus is that the company has built up a war chest of funds to use for further acquisitions. It has raised $5,303,630.13 in funds from the converted options to date. Potentially another $1,326,369.87 from the remaining options to convert. Part of the downward SP pressure has also been due to dilution.
If you can get in at around 4.5c you will be well rewarded short term & long term. Next catalyst is B2B launch & further acquisitions along with increasing double digit MOM growth.
As i finish this message a Cleansing Statement has just been issued & a further 12,000,000 unlisted options have been converted = $360,000.
There are now 32,212,329 options remaining to convert at 3c by 23/2/2021.
DW8 Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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