Ann: Options Underwriting Over Subscribed-GPH.AX, page-63

Reading the tea leaves on this one - regarding options exercise . Hartley's all over this minnow start-up . interesting to see the lack of buying - right on options expiry . What is likely to happen is there will be a flurry of buying next Monday -Wednesday before Thursday decision to exercise . The issue raised here about overhang if Hartley's takes up unexercised options is relevant . Way to risky - blame myself for getting squeezed - but that's how the curtains in the market operate .Better to be aware of downside before options expiry - than view possible price downfall after expiry . Hartley's can have my 14,000 GPHO. Way to often all the interest goes out of a stock after company has the money . Didn't seem to help demand / interest in the stock when underwriting was announced.