Something that eveyone fails to have noticed...WTE has effectively turned the 5c options into 4c options by paying a fee of 1c to the underwriter for each and every option that gets converted.
Will they also pay the other option holders 1c for each option they convert? I think not!
No we all know why there has been so much selling over 4c in the lead up to the expiry date...every single share sold above this number by the mystery sellers, have been at a profit.
Clearly, they obviously knew months ago that they would effectively be picking them back up at 4c via the underwriting..
Level playing field...lol...what level playing field?
This is as clear a case of insider trading I have ever seen...but what chance the ASX questions them over this? I say absolutely none at all!
Cheers!
WTE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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