That's what I think too Binbin. Although I calculated there should only be around 15 million total left to convert, after that we shouldn't see any more till mid next year.
Obviously some are thinking that they will pick up some of those at a pip or two less, but they may be end up being unpleasantly surprised. I did a check a while back and I think I find that 12.5 million of those were for directors and ex-directors, and there is no guarantee that they will sell out once they convert. Those that do get sold I'm pretty sure will be absorbed pretty quick at the current rate (have noticed the last couple of days I think there is definitely some accumulation going on).
Anyway only another week or so and that monkey will be off our back.
AOK Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
