The dynamics of the free options is the driver of this downtrend. We've been rabbiting on about it for months. I would say, based on the very overt bids for MYLO at 0.4c, the heads might bottom out at 3.5/3.4c. There are still a very large number of options still to be converted.
Stockpicker, MYL are simply expressing ambivalence over the outcome for MYLO's, but they remain totally powerless to have any influence over the desires of the holders of the options to convert or not/to sell heads to pay up or not. ASIC would roll about laughing like drains over any complaints lodged IMO
I'm checking the back of the couch for mid December opportunities
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