the force is strong, page-14

Agree that it looks that way at the moment, MM. But I'm pretty sure you'll see more buying next week. They are too close to give up now, given what's at stake. The trough is getting low.

If they do have something big up their sleeves they have to time it perfectly, as they need the maximum price on Wednesday and Thursday (morning) next week, when most of the option holders will be forced to make their decision.

The problem they face this week is that many option holders will be selling at anything over 14c, knowing they can buy back at 14c for an arbitrage by converting their options. As next week progresses it becomes more problematic for option holders to get their cheques in on time, so at some point this ploy won't be on and the weight on the stock could suddenly lift.

They probably won't waste their gunpowder trying to lift the stock much over 14c this week, just keep it around that level to thwart the arbitrageurs, then let it rip from about Wednesday morning next week.

The big question is... if the stock surges to 21c by closing time Wednesday next week, are option holders really going to be so cynical as to not convert? It's a very tough call. That's potentially a fair bit of money down the drain just on a cynical hunch. Might ultimately depend on whether some good story comes out to support the push.