Fishies,
As far as I can tell, the Company has done nothing to encourage punters to convert their options - haven’t seen a reminder letter
my view is this is strategic - the major SH doesn’t want dilution undermining their (significant) control. Remember, when they convert their 500m next year, they will have over 50% for doing nothing, and at no control premium
We have yet to see any notice of recent conversions - maybe today, but certainly next week, given TT has converted a few, but given the small amounts of selling recently I would think right now there closer to 80m left
As a small shareholder I would like to see them all converted, purely from a control perspective.
what makes you think the Company can ‘offer out’ unconverted options? IMO, this can only be done via a formal underwriting agreement prior to expiry
The silence on all these fronts just reinforces my view that our major SH will be delighted to see these expire
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Mkt cap ! $111.6M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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View Market Depth
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5 | 507555 | 0.077 |
4 | 1030938 | 0.076 |
2 | 10600000 | 0.075 |
1 | 150000 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
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0.080 | 61000 | 1 |
0.081 | 13157 | 1 |
0.082 | 625000 | 1 |
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