looks like someone converted a fair chunk of these pref shares recently.
correct me if i'm wrong, but the price per share is 10% discount to the 5 day VWAP. That means someone just bought 9.5m shares at an issue price of say 5c (too lazy to work out VWAP). that's 500k invested thank you very much.
looks like they see value in speculating at the 5c mark! or maybe they're more informed than us...
looks like someone converted a fair chunk of these pref shares...
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