I’d say it could be recently converted options in the money being sold.
I think this SP increase then being sold down will continue up to the interim readout.
There’s a lot of in the money options right now.
I’m pretty sure Nina also said in a conference that the 12c unlisted options will automatically convert if in the money at expiry in March. Think it was designed that way to give the company a further source of trial funding?
I’d say it could be recently converted options in the money...
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