It stinks if you're an option holder.
request to underwrite.
And selling down.
1+1=2 IMO.
They are basically holding the SP down to make sure they get the options.
First they take a profit on the sale, and then they get to replace their holding for exercise, 20 c.
So they will contine to sell down to 20c so no one exercices, and they garantee their retun of significant holder, for what ever T/O they later undertake.
annoyed.
redrock unloads more, page-8
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