Trading Week, page-2953

There's no doubt the options are influencing the heads price, the question is how much? It's impossible to know and can only ever be a point of speculation. We know that Richard Cottee sold about 4.5 million heads to raise funds to convert options. If you look at the trading for the week ending 20 November there were 12.5 million shares traded. If those shares were sold in that week they would have accounted for around 30% of the total volume. Richard Cottee wouldn't be the only one doing this, so that percentage could be a little more or a lot more. It's impossible to know one way or the other. An event that add's 30% extra volume to the sell side is definitely going to put downward pressure on the price.

There was a buy on market at 2:39:11 today for 1.8 million shares. So for every person selling there are clearly some big buyers. All things considered the price has been remarkably stable.