PEN 1.37% 7.4¢ peninsula energy limited

one thing I cant understand. If you are going to convert your...

  1. 222 Posts.
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    one thing I cant understand.

    If you are going to convert your PENOC and pay the $1.20 per conversion to a head share.

    Why wouldn't you of paid $1.04 for the head shares about a week ago.....and sold your penoc for whatever you could get for them.
    Instead some people seem to be waiting till the heads get over the $1.20 threshold, and then convert.

    Or Have I made another bad decision. ?????
 
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