Spot on dag66,
They need the shares to get to 10c and stay there cus the option holders will get nervious as we get closer to June 30th.
The other problem is this, can prople afford to convert these options, the strike price is 8c if you own 7figures (ie 1m or more )and I'm sure there's a few, thats a lot of coin to hand over and then sell the shares.
I see a lot of option selling if the FP's only stay around say 8-9c. Rember there are 300m options due 30/6/2010
Time will tell.
oppie bargains, page-4
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