MAY 3.23% 3.0¢ melbana energy limited

There's 170 million share holder options at 2 cents before 31st...

  1. 141 Posts.
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    There's 170 million share holder options at 2 cents before 31st August = 3.4 million. Today MAY releases an ANN saying 3.2 million at 2 cents has been executed $64K. 40K of the 64K is from directors. With all the trading action over the last week, it now looks like holders had purchased shares in the 1-2 cent range apart from the cash raising ones with options and has been selling them out for a profit also there has been alot of pumping and dumping going on as well from day traders. You certainly can't blame someone for doing that as it's been like a vortex owning MAY shares and getting sucked further and further in with no reward. The biggest question on my mind is what if the 170 million shares get executed. The day after 31st of August does the share price free fall to 2.0 cents or lower and create another false bottom in the MAY's share price? Please feel free to correct my debatable mistakes. DYOR -just my opinion
 
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