@tossydog I'm trying to understand your comment "Big investment...

@tossydog I'm trying to understand your comment "Big investment is sitting on the side ... options are creating share price stress"

By this I'm assuming you mean that the options are putting downwards pressure on SP?

Is this in reference to pinning? If so, IHL did move upwards of 11c last year, so not sure how that keeps price down.

Other scenario I was thinking of is big investments wanting to buy in, but they could just buy the options now, why wait for expiry...

Neither of these thoughts make any sense so can you explain why you think the options are putting downwards pressure on SP?
I'd have thought that once these 220m options are exercised, the extra supply in the market and the dilution will cause SP to drop.