Might take a look into these guys if they get near 45c and allotment holders stop converting and volume picks up and a big buyer like Milford/Morgan/Thiel step in and they start keeping shareholders properly informed and they start retracing from loss making to breakeven/profitable and the growth sector looks favourable again THEN I MIGHT consider a buy in...
I think the 33c options are in USD, so more like 45c NZD.
Still a great level of profit for those exercising their options and a big dissapointment for long term holders sitting on large paper losses, how low could it go well with basically no resistance whatsoever then very low id say. The explanation they gave to me a while back about arranging brokers to sell the options off market on behalf of staff doesn't wash with me, just spin I reckon.
Haha too true Moosie. Hopefully some thoughts by the posters here and other info will come to light if it gets that low. What is the current reason for this recent fall? Slower growth than expected or traders losing patience?
Haha too true Moosie. Hopefully some thoughts by the posters here and other info will come to light if it gets that low. What is the current reason for this recent fall? Slower growth than expected or traders losing patience?
Has been nothing in this stock for traders for a long while just option holders selling for peanuts and no financial info(6 monthly due end of Feb)
Has been nothing in this stock for traders for a long while just option holders selling for peanuts and no financial info(6 monthly due end of Feb)
Hmm, not sure you can assume it is option holders selling. From what I can tell from reading http://www.sli-systems.com/sites/all...Guidelines.pdf all employees are restricted from trading in the period leading up to the announcement of half year results - i.e the period from 31 Dec to when the results are announced. I assume option holders are all employees, so may not be able to sell at present. Not sure about ex-employees and whether options expire once they leave.
Would be interested in feedback from anyone with greater knowledge of the trading rules for employees/insiders.
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