Hotwolf,
That would be wealth destruction for the oppie holder, as being so little ahead of the conversion price atm, most of the value in the oppie will be in the optionality on further upside. If you convert now and sell the heads you lose that, and if you convert and hold the heads you forfeit the downside protection below 5 cps.
If the oppies were trading they'd be trading something above 5 cents less than the head, in which case you'd clearly see this value that you would be forfeiting by converting early.
Optionality, it has value, value you are ignoring.
EL
Ann: Investor Presentation, page-17
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
