Most of the options over the next 9 months (including convertible notes) convert at 15c. So if AOK can hold above that, that will mean a further increase in funding for development.
There will be some additional dilution but in general AOK creates far more value from its wells that the dilution the funds cause. It is also a confidence booster to the market to see a company which is converting its options rather than begging for money.
Bottom line, AOK will be very well funded from Feb. This should translate into increased activity / aquisitions
AOK Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
