NSL - what happens next?, page-8

here's the spread of conversions on the NSLO since 01.07.16... wouldn't have been many, if any, before that date:

	Column 1	Column 2
1	1/07/2016	21,875,000
2	13/07/2016	8,696,438
3	29/07/2016	12,500,000
4	5/09/2016	5,863,205
5	23/09/2016	4,422,500
6	21/10/2016	35,688,467
7	18/11/2016	12,688,155
8	12/12/2016	104,109,769
9	5/01/2017	329,432,414

remember there was a hell of a lot of these options change hands after the start of the run in late june 2016.....from early august, these were all pretty much purchased above 1.3c.... add on the 1c exercise, that puts those ones purchased from that date onwards at breakeven today.... i really don't fear it capping our share price that much at all...

and the total of options converted makes up only a 1/5th of our shares on issue...