EMP OXX

re: Ann: OXX: Grant of PEP 487 over the Derby... Considering...

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  1. vontrader
    23,832 Posts.
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    25/03/14
    17:15
    Post #: 13171782
    re: Ann: OXX: Grant of PEP 487 over the Derby... Considering taking a long position in this, technically it could dip below CR price though

    I don't quite understand all the chat regarding Lind and potentially manipulating the price

    If I'm not mistaken, doesn't the announcement state "Lind is restricted from converting the note into shares in the first 120 days post-execution of agreement"

    So where lies the concern ?

    If Lind can't exercise for 4 months, are punters backing that there will not be substantial catalysts in the meantime ? It doesn't quite make sense, either the concern is misplaced, there is going to be a prolonged quiet period or Lind can in fact sell something ?

    OBL Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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