Exercise of Put - means someone is locking in profits having bought the right to sell ATM at $15, $14.50 and $14 vs sp of $13.80
Exercise of call - means someone is locking in profits having bought the right to buy ATM at $13.50 vs sp of $13.80
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the herdlicker dump is coming?
https://www.nzx.com/announcements/336883
We knew the rights issue, the dates as well so no surprise, we also know she intends to sell them, no surprise there either. Won’t stop the market going apoplectic though … lol and people wonder why the shorts have been building their positions. With results only a few weeks away the tug of war longs vs shorts will be entertaining!
Agree... interesting times ahead.
In the meantime there was a v interesting post by Ihantian over in HC who posted pics of long queues outside a new Melbourne outlet selling 'bubble milk tea' ..... great to see A2 expanding in other asian markets through this liquid A2 milk strategy. Here's the snippet.
"From wechat article, a new Bubble Milk Tea store open in Bourke Street. Long q and famous brand from Taiwan. Store name called Jenjudan. Only use a2 milk. Translated from the article : only Australian made premium A2 milk used in this store. Now bubble milk tea is a hit throughout all asian countries: malaysia, singapore, taiwan and china, another market for A2M to look into. If A2M can utilize to impose that it is a high quality milk then another huge potential market."
Well they could be merely trying to say their product is of a better quality since it uses A2 milk, while other milk teas uses lesser milks, so that might boost consumer demand. Think of the people who can't consume normal milk teas due to A2, but can consume A2 milk bubble mlk teas because of this. It opens up a niche market for them too. So doesn't necessarily have to be in a partnership.