Amol7,
Noted and I agree ...
Although, I own over 2% of LOMOB and will not be selling any LOM or LOMOA to exercise LOMOB ... and I think that most LOMOB "risk" takers would be in a position where they would either have funds or source funds and be able to pay the exercise price. It's not like 1 person has to come up with the $18 m themselves.
... and as mentioned by Malaga, they could also sell half them LOMOB at $0.30 which would cover their exercise price. The then buyer of LOMOB, would own a smaller parcel an most likely have the funds to exercise in April 2016.
I am hoping on multiple super announcements, starting from next week ... and as you mentioned, this will reduce the validity of your post and also significantly increase LOM volume and hence liquidity. I suspect that in the next few months, there will be many more people trying to buy LOM than sell ... Supply and Demand forces (with a bit of the usual manipulation) will control the share price.
Best wishes,
Zippy1
LOMs potential SP?, page-37
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4.3¢ |
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Mkt cap ! $12.47M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 471053 | 4 |
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