I think the maths is simple...those that got the stock @ 8 cents are happy to bail at 6.4 - 6.6 because
1 Share = 6.5 cent
1.5 Option = 1.3 cents * 1.5 = 2 cents circa
Total sell return 8.5 cents nice profit from an 8 cents issue
This is the common issue with placements however now that the company is fully funded it should churn through this quickly this was also why I believe we saw a lot of volume around 6 yesterday as that was the break even for placement stock
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- hey, not 2 fast
I think the maths is simple...those that got the stock @ 8 cents...
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