I just used 15c as an example for the OEs. Buying today at 2c and then a TH tomorrow Hopper accepting a 15c offer would hardly help the OEs. But if IMU would reach 15c on its own before expiry then the OEs could trade at 10c in anticipation for higher heads. At some stage OEs would follow the heads at the 10-12c gap if heads could get above 20c considering 11.8c conversion price.
All speculation at this stage but any sp manipulation would have seen more wild swings today, maybe the CN/W plus the incoming rebate will convince the market that sub 5c indeed is too cheap. So far Hopper's latest CR-idea, CN/W, has at least stabilised / increased the sp compared to the expectations of sinking it. That way, a very rare "Well done" Mr Hopper unless, unless abstaining LC is behind that raising and had to abstain due to conflict of interest. In that case Hopper would have transferred more control to all of his 3 CEOs.
Anyway, like many, me now watching and awaiting the big dump. Or will it be different this time? That would mean "Ouch" for Investor-Steini.
IMU Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
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