Not sure who hold most of the options. If it’s management they’d be smart to start converting them now. It will tend to support the sp momentum as it tells investors Risk for CR in the foreseeable future is nil. I don’t mind them selling the same number of shares to fund their conversions. However, apart from being prohibited to sell whenever they’re privy to sensitive info, it’s almost always seen as a bad sign for them to be selling even if it’s meant to fund conversion of oppies.
The 2.8m (.14c) and 24.7m (.15c) options are on the money now = $3.6m in the kitty soon. In fact not converting them now would be tantamount to throwing away money. RJ is on the money with his post.
NO CR NEEDED. LET THE FUN CONTINUE!!!
Galan Lithium - Cash and Funding -Fully Funded!, page-23
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