True. On a side note, part of the issue we have which has dampened the share price ( temporaraily) is that there is not a large difference in absolute terms between the heads and the oppies. Basically lets say the heads are 8.5c and the IBXO are 3.5c. A 5c differential which is the conversion price. So you have to sell more or less one head to fund a bit under two option conversions. Now lets say a company has heads priced at 50c and the oppies are 45cents due the 5c conversion cost. In this scenario by selling one head you can fund the conversion of 10 options. So in this situation there is not as much selling pressure placed on the heads to generate the funds to convert the oppies. But in IBX case, you need to selling one head only funds a bit under 2 oppies conversion
Roll on Friday/Monday and get these options expiries behind us and back to a more realistic heads prices
IBX Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
