There was just under 10m options left to convert after the last advice (around mid March). Obviously for holders, the less that get converted in that last two weeks, the better. There were bound to be some that were held by people who didn't notice, missed the boat, are held in estates.... etc.etc. so I don't imagine the whole lot will go through. It can make quite a difference though given that there are around 148M shares.
I should qualify what I said about the ANZ nominee holding as well. I may be completely wrong here since the ANZ might just hold these shares itself (it has had them for a couple of years at least as per the listing of to 20 shareholders), i.e. rather than in relation to being a creditor for O Prime. Still, it is worth watching any changes in major holdings in coming weeks.
PMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
