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Gold/Mining/Energy : PYNG Technologies
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To: naturalperson who wrote (7778)8/25/2005 4:05:42 PM
From: mf160  Read Replies (1) of 8117
 
Natural I must be terrible in translating what i think into words because I don't recall ever making any suggestion that todays selling is caused by options. Also this is not the first time you totally misunderstood my post. I have always said the price might be running up to flip options for shares so let me explain
One sells shares he/she holds say at 80 cents
then he calls his broker and says exercise my 37 cent options
and he keeps the difference.
So you see those that would do this have already sold their shares, option conversion will not effect the market (they come from the treasury).
But once all the holders need not sell anymore shares to free up cash the shares will go back to their usual trading pattern.
Those that sold shares then exercised options now still hold just as many shares plus now a boat load of cash. It happened in the spring with the warrants I posted the chart.
I hope you understand how it works now.
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