I am ready to convert if necessary or if the deal is better that way .. IE: They make it worthwhile by giving new options with the CR ??? It could be a 1 for 4 issue with an option thrown in ... that would be ideal . Just guessing though .
After the recon the oppies will still demand great leverage and have heaps of time left . So in essence I don't mind either way .
They could easily come up with new leases during the closure and that will mean they could re-open with a great premium for those that hold for a reasonable time . If they come up new deals earlier then it should run on that news too .
Perhaps the clincher to getting new blood onboard will be new appointments . Those that wait for the announcements before buying will not do half as well as those who see what is coming and get set early . It will take some good prices to entice top holders to shed a few . The float must come from them as there is just not enough free float for large volume .
Tight as a fish's when it comes to volume .
ROB Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held