Usually I would sell some down to pay for conversion but this close to expiry there isn’t enough depth. Maybe sell tiny bits over many transactions
Sometimes it’s worth a ‘mezzanine’ style loan to convert and then sell down heads to pay back loan. As there is more liquidity in heads. But this will have to be private money likely secured by property and looking at 20% interest or there abouts (best mate provides these kind of loans). Should be a two - three week round trip max.
Not advice by any means but just workshopping some options if liquidity is not your friend at the time of conversion.
I also hold millions of ODs and intend to convert every single one of them. So just my thoughts
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18.5¢ |
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Mkt cap ! $18.93M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 81434 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 0.185 |
17 | 175074 | 0.180 |
6 | 73682 | 0.170 |
2 | 11200 | 0.165 |
1 | 70000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 81434 | 2 |
0.225 | 7000 | 1 |
0.230 | 114715 | 2 |
0.240 | 15000 | 1 |
0.250 | 3120 | 1 |
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