Agree with what you say. From the last 3b there are approx. 102m...

Agree with what you say.

From the last 3b there are approx. 102m shares in escrow. No options are noted as escrowed.

As you say, the biggest chunk of options are 200m @ $00.10 = A$20m to convert.

If Everblue hold most of them why convert?
$20m is a lot of $ to convert, as you say. That’s a lot shares.

200m shares would not be easily sold (dumped) with out hammering the sp, not enough volume, so why convert?


According to 3b’s there have been quite a few options converted to date.


Simply put....Maybe the 10c ones will only be drip feed into the market if money becomes tight at EUR and EUR need the cash.