So these 500k options are owned by Kentgrove Capital (and not a broker) - they got them for entering a finance arrangement to raise XTEK share capital.
Tells me they will definitely be selling these shares ASAP with every 100k issued - let's hope the share price goes to 45c tomorrow with the first dump of 100k and stays there for five weeks so they don't get to exercise any more.
Those buyers on 50.5/50c should reduce their bids before the open tomorrow as they will get hit then.
XTE Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held