Having punted on species for a while now, I’ve seen plenty of...

Having punted on species for a while now, I’ve seen plenty of Uber Hyped announcements designed to get the SP flying. Big numbers, glossy charts, market potential etc.
A few HC tampers appear etc.
Often line wipes from off screen follow shortly after.
Generally this is done because someone wants to sell out, or the Co needs money soon for a CR....
Or both.
The change in tone from the new CEO was exactly the opposite of this.
He said how things were going just fine , great test results .. FEED results very encouraging, scouting for site for new plant. Off take agreements, and potential partner talks etc
. and how he’d bought some shares.
But with the minimum of excitement possible.
Strange.
Pissed a lot of people off as it meant options became unsaleable.
But the big question is ...
WHY?
For me there can be only one answer.
He didn’t want options converted because they don’t need the money.
They have bigger fish to fry.
Options converted mean dilution.
That’s why I converted a nice parcel.