I was holding 1.125 mil and sold down a few to end up with 981k...

I was holding 1.125 mil and sold down a few to end up with 981k of them.

I would presume that three types of holders exist at this stage.

The first is the serious holders who are longtermers and generally hold a mil or more and have sold down other assets etc so to make sure they have the money to pay it up - and most of these holders will have already sent the cheque in.

The second is the day traders who should be out of the options by now as liquidity is far better in the head shares

The third is those who are desperate and they will get picked up by the sharks in the next week...

So I don't see a huge dump of shares or a depressed TOX price due to the options expiring.