options: sell 400 pays for 600 converted...

Something to think about...

An options holder who holds 1m options need only sell 400K at 15c to pay for the remaining 600K to be converted.

At 20c he need only sell 333K shares to pay for the remaining 666K to be converted!

This is the benefit of having options so far in the money...unlike options whose trading price may be significantly less than their strike price, such as when options are only just in the money, high priced options do not see anywhere near as much selling overhead form those unable to convert.

And the higher they go, the less overhead we see.

Just something for thoseperhaps unable to pay for conversion to think about!

Cheers!