One option holder has got fed up with waiting for the options to get into the money and appears to have sold out 1M oppies and purchased 100k ordinary shares instead. At least it shows a vote of long term confidence in EMS but little confidence that the SP will rise above 6 cents before the end of the year. All very symptomatic of the very small window that we are operating in as far as the trial report becoming available in late Nov/early Dec. Also could be some anxiety as to what sort of kick along we may get from the Malaria Conference as well as the disparity between the option conversion dates for SHs and Directors. Last but not least the ongoing BP issues. However I remain the optimist and take the view that the stars are starting to align and look forward to positive announcements and share movement in November and continuing for the restof the year. I see the present lull in the SP as an ongoing opportunity to continue to take up small parcels of both shares and options.
Of course it is that time of the year where I start to believe in miracles and Father Christmas.
kippax
EMS Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
