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More Oppies Converted, page-69

  1. 3,129 Posts.
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    Platinum Road. will be interesting to hear what deal they may have to offer
    there are not many ways to generate business for themselves other than to

    1/. Offer to Buy Options at a premium to the average closing price for a period
    of time. the alternative for holders is to sell ' On Market' if they so desire.
    The only way I can see this happen is IF ESI . NEED FUNDS.

    2/. Finance (loan ) the cost of the conversion to holders at market rates till repaid.
    shares plus? 'wifey' as security.

    You have guessed it. Neither will happen, I doubt if we hear more. No doubt at the time it was thought a funding safety net for oppy conversion was to be allowed for to give holders an assurance that there would be someone to buy if they could not convert. At the time of issue I don't think many would have thought The Options SP would keep pace with The Heads.

    ALL IMO.
 
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