Possible Market Drivers for TXP Pre & Post May 25th Lurk & Learns + Proselenes:
Todays discussion point will not focus on PB super human powers; not the least of which is his ability (aka expectation of some wearing RCG;s) in the very serious Covid 19 SOE in T&T; and possible extension STILL to be debated in the Red House.
This reality (to Proselene's and other's credit) has been well documented on ADVFN. e.g. Google "TTDF Curfue Enforcement" or or even "TTPF" to get an appreciation for a potential "point(s) of discussion".. (more delays??) on Tuesday May 25th. With the the term (pending) "essential service" still possible for specific O & G employees.
This topic alone might get those making (IMHO unrreasonable demands of PB ie unless being advanced with a "hidden agenda"). The reality (on the ground) is delays are inevitable during normal operating conditions; now try to imagine the stages of (CPM) execution of Plans & Schedules during a State of Emergency, with the possibility of an extension(Google TTT News). Recall in previous TXP iterations to ~C$3, the pandemic was essentially "contained" to travel related with a punishing lockdown emplaced; versus "community spread".
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Anyway; in perusing the Website, the good news is the "nuggets" not only in the (new) May 2021 Corporate Presentation BUT (IMHO) more importantly is two PRs wrt 160,000 common shares being issued to bring the OS to 209 634 627. Some key points to assimilate & ponder here should include:
1. The person excercising the (announced) 75 000 options got them in 2016 ($C0.23 or 13.5 pence). i.e has held them for (say) FIVE(5) years.
2, The "non-executive" doing the excercising of the options (from DD) has a role where decision making function\role (aka timing) is what get's rewarded. So, why exercise now?
In exercising options, as the saying goes, "timing is not everything...it's the only thing" especially for someone who appears to be in a place (financially) that (granted) income may not be the overriding motivator\consideration.
3. The other key date to consider here (wrt trading restrictions wrt the shared converted) is May 28th on AIM; meaning if we read the fine print on the announcement(s) the disclosure of the exercise of the conversion of the options and paying $0.23 per share for 75,000 shares, allows for re-sale ONLY AFTER Friday May 28th.
Meaning, they may not be sold in anticipation of bad news? Maybe, maybe not. If bad new is anticipated, might they have waited for another opportunity? Maybe, maybe not. Caveat Emptor: Anyway, there could be many other reasons for the timing. i.e FULL DISCLOSURE I can be 100% wrong with this "position paper".
Historical "analysis" may show that the PPS at exercise might (possibly) be the overriding consideration.. consideration..consideration when someone (possibly with deep pockets) finally "pulls the trigger, (I would speculate that would bullet proof footwear is presupposed, here ").
Trini's sometimes use the phrase (taken fron , you guessed it a calypso, "Last Train to San Fernando". Where the tune describes an opportunity lost by (uninformed) waiting whence "PH" becomes the only viable (expensive) option as "P2" (walking) & "donkey carts" (i.e today's NA's iteration ....rickshaws) are not viable options.
BWDIK? Be the one "expecting unexpected delays" (to orphan hood/phase), in a new era of "underpromise and over deliver", "trust but verify", or "SUPA "See Plan Understand & Act) ?
GLTAL - DYODD - Caveat Emptor
Cheers
Stanley