MXL mxl limited.

My theory is that a some holders exercising options may have had...

  1. 572 Posts.
    My theory is that a some holders exercising options may have had to finance their conversion short term rather than sell options to cover their exercise as they would of had to sell at discount,confident of strengthening in fully paids immediately after option exercise hence we have a wall of sellers in the 14-15c range which also has proven to be resistance level throughout last year.If 15-16c level becomes tested again this will be the 3rd time and with all thats in the pipeline in the next 8-10 weeks imo it will smash previous highs set last year.I have been in mxl for approx 18 months and honestly believe we will see 40-50c by years end based upon microsoft integration.My opinion,but my money is backed firmly behind my mouth.Cheers and good luck to all holders.
 
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Currently unlisted public company.

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