If options were converted, we would see the 3B. In any case, of...

If options were converted, we would see the 3B.

In any case, of the remaining 78,667,000 options - all but 20m are held inside the company. Those 20m are 10m Fosters (at 0.078) and 10m Hunter Capital (at 0.12). Fosters could convert and sell their 10m, but 10m in the recent volumes wont have much effect. Hunters wont be converting theirs yet given the 12c conversion price.