I would suggest that the option expiry had everything to do with it, but it provided a good opportunity to top up on options at around 16.
If I had known the profit announcement was going to be this early, would have got more.
The cash at end of Feb should go from $15 to $25 million on option conversion or around 22cents a share. Last years P/E looks like it will be maintained or bettered on double the number of shares.
And the kicker is - what can they earn on that $25million going forward.
I hold mph & mphob
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