Don’t we think the holders of the 500m recently converted option shares, and the additional 500m soon to be converted option shares, who are all sitting on 100% profits, will want to sell down their position a bit to reduce their exposure - and will dwarf CP’s price capping impact? I think the options will mean our SP will be relatively slow to re-rate - and will only reflect actual fundamental value on first pour - so maybe end of CY21. Thoughts?
Don’t we think the holders of the 500m recently converted option...
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