LOM lucapa diamond company limited

Zippy quote: ... and as mentioned by Malaga, they could also...

  1. 695 Posts.
    Zippy quote:

    ... 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."

    Your quote above mentions selling LOMOBs at 30c.
    Where does that expectation come from? That is only possible if the s/p is around 60c.
    If the share price is 40c or less the LOMOBs will not be worth much the closer we get to April, so selling LOMBs wont pay for that many LOM shares, so somewhere either the full exercise money has to be found or some money found from selling LOM and used to exercise LOMOBs.
    There is either a lot of money for people to find or a lot of LOM shares to be sold.
 
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