Since IBXO is no longer listed for trading then holders will need to exercise the options or let them lapse worthless. Question now is... for those ( most likely all) still holding options will they choose to fund the conversion by selling the heads assuming they hold the heads as well. If they do it does continue to put some downward pressure on the share price but having said that, the price seems to have stabilized and up a tad today on reasonable volume. Given trade settlements are T+2 any selling of the heads to cover the conversion will in fact need to be today or tomorrow since after that there is insufficient time to receive the funds before the options expire on Friday
Will be glad when this options conversion is done and dusted. Its been distorting the market price
IBX Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
