Hi TB, can't help you with make up of bond holders but agree their motivation is like ours in that they are in the game to maximise return. (doh)
The point about waiting for warrants being all out system is not my understanding, I assumed the above trading range was a sideways movement was time needed to reflect the improvement in market macros to really start to hit LYC's accounts which would initiate increased coverage and attn that even when fully diluted insto's will be forced to buy. This in itself will then create a market of a size where warrant and bound (apparently?) conversion is viable, but more importantly analysis on a fully diluted platform comes up with a 'buy' not a 'not quite sure want the hell is going on' signal.
ie marcos and LYC are the dog and those flea bitten warrants and bonds very much the tail.
r
LYC Price at posting:
10.5¢ Sentiment: None Disclosure: Held
(20min delay)