You don’t need to own any options if you want to underwrite them. You simply say to IHL we will give 4 cents for every option that isn’t converted for a share. We won’t know if they are underwriter till after the 25th Sept when they stop trading. I am very confident this will be done, also expect big option holders to convert early sept.
Nothing has changed at IHL, they are powering towards all the milestones we are all aware of. I do understand it’s not fun watching SP at present so best thing to do is not watch it.
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