gets interesting now...

Might see the commitment of the players revealed here now...

Those who want the oppies home against those who do not!

The ARXOA's are now in the money, but if ARX want a meaningful amount to be exercised, the stock will need to be well above 4c and preferably at or nearly 5c to get decent numbers converted.

This may well be a big ask?

Of course, the other side to this play are those who sell heads at one price (say 4c), then buy the options at a net discount (say 0.2c), convert them at 3.6c and pocket the difference as profit.

Whilst the margins for such a play are not great, it is good for the Company (they get the options money) and often played out by longer term supporters of a stock.

Of course, if the price gets anywhere near the mid 4's, the swap may well offer greater margins of profit, as the options tend to trade at a discount near expiry.

Cheers!