Now it a question of waiting to see which was more astute ......

Now it a question of waiting to see which was more astute ... the buyer or the seller.

OR ... another option:

Could it be someone selling from their personal investment vehicle to their "tax free" pension phase superannuation fund? If so, they are very courageous to do it on the market ... although it is a quicker method and provides justification of questioned by ATO.

This investor probably does not have $300,000 personally to exercise the LOMOB options ... but does have the $300,000 in their (potentially "tax free" pension phase superannuation fund.

The benefits:
(a) the investor does not have to find or fork out $300,000 of his money to exercise LOMOB;
(b) Any future capital gain on LOM (from exercised LOMOB options) will be capital gains tax free;

Win Win!!! and great advice from his bean counter.

... and also means that these 1,000,000 options (representing 1.66%) of all issued LOMOB options will be exercised ... if in the money. if the above is what has happened, this investor (as well as myself) definitely suspects that the LOMOB will be in the money at the end of April 2016.E

The end of a fairly quite week ... and one week closer to the upcoming interesting weeks ahead.

Zippy1