Wouldn't be expecting to convert / exercise if concerned of SP slide near term...hmmm - FMF
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Yep thats another point did they not only convert to put a temporary handbrake on our SP ,not wanting a "speeding ticket" and also convert because the SP is going to go up significantly very soon?
More support for that "announcement" in a day etc theory perhaps?
Its very notably that there is/has been no DUMP or sell off yet today which would have happened if the SP is going to be pushed down again.
All indication are the the SP is about to increase significantly and everyone, Retail & Insto are wanting to keep their shares.
Yak52