Couple of interesting points not sure what they mean, interesting to think about.
First the last exercise of 20,536,377 Shares, which I always found an odd number. IF you divide this by 174,365,466 and compare it to the ownership of others 26,500,00 the two percentage match exactly. I stop looking after 6 decimal place. 11.777777% So was this a case of others not being able to decide quickly? so there transaction were delayed?
Fortress manages 25,000,000 bounds. Divide by 174,365,466 =10.44444% Now there are 18,211,504 Left un-exercised divide by 174,365,466 = 10.44444%
Now I am sure every one will tell me how wrong I am but it looks like group others takes awhile to decide. And Fortress group is not converting.
This further proves these bound holders are independent entities. Making there own decisions and only Fortress is not participating.
It is interesting Fortress only took over some of the funds managed by MT K I wonder if the funds not taken over were those with Lynas bounds. IF this is the case then Softbank has no control over the bonds managed ( not held) by Mt K. Possible I am not even close to certain.
This is all interesting to speculate about. I am not offering any opinion just numbers.
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