My feeling is that there is a concerted effort to keep the options and fully paid down at these levels and of course we are all desperate for an upswing in the SP.
It is a bit hard to prove however I would suspect this is happening.
There are buyers out there that are building a parcel in the options bit by bit and would be willing to pay for them at a slightly higher price.
I also suspect we will hear something about their current exhibition in Canada so news to come as they will want all our extra money from converting.
If nothing happens then we are all screwed and can only dump the options for what we can sell if that is possible and the company will get nothing if we don't convert.
It will be that the company will either extend the options(not really going to happen IMO), people don't pay up and then the company will have to go to market to get more $$$$ by a capital raising and if that happens then I would say the company would be in great trouble.
I will hold and wait.....it may be very close to the expiry if nothing happens then we all have tax losses to go to our tax professionals.
It is in all our interests and that of management that they get they SP north and very soon and they get people converting the options.I don't think they will get all excising the options so they will be short.
This is the joy of investing in small and risky companies.
IMO
KSX Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
