How anyone can find anything negative in this conversion of options amazes me. Obviously the consultant wanted the shares and knew he couldnt buy 100000 shares on market at a price averaging less than $3.50. Why they converted early is anyones guess. If people are worried they just converted the options to re-sell quickly at a profit then why wouldnt they wait until nearer the expiry date with the chance that the SP may be over $3.50.
IMO this is just another vote of confidence in the company by someone with more knowledge of CDU than most of us on here - whether the consultant sells at a profit or not in the future is irrevelent - because he is confident a buy at $3.50 will make money.
CDU Price at posting:
$3.44 Sentiment: Buy Disclosure: Held
