There are 226.8 mill shares and 35.7 mill options.
That is a ratio of 1 option to 6.4 shares; yes, a dilution but there is some converting going on now and that would increase as the date falls due.
Much depends also on the importance and timing of newsflow, IMHO. There is a resource update in Febr. and Eckhof is a good PR man if he wants to be, so I expect more news before the conversion date.
MOE stands to receive some $10 mill from conversion, a tidy and useful sum of money.
I have a wagon full with options, so, I'll be selling some earlier but I'll keep enough shares as I like this stock.
Gerry
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
