GSW 0.00% 29.0¢ getswift limited

100 bagger ?, page-661

  1. 85 Posts.
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    GSW - what an intriguing story! Mary Jane thanks for all your research and well written insights.

    This is what they call a "Binary" trade. It will be a $1.00 + or 10 cents. However, I noted on www.shortman.com.au (see recent daily short trades below) that there is very little appetite to short this stock, with a total short position of 0.78% i.e. less than 1%. However it is also an asymmetric trade meaning risk reward is low to high.

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume 4
    1 Thu 26th Jul, 2018 309,794 100,588,056 0.30% 1,287,639 24.06%
    2 Thu 12th Jul, 2018 3,000 100,588,056 0.00% 16,233 18.48%
    3 Thu 5th Jul, 2018 3,014 100,588,056 0.00% 34,774 8.67%
    4 Wed 4th Jul, 2018 3,797 100,588,056 0.00% 148,050 2.56%
    5 Tue 3rd Jul, 2018 6,888 100,588,056 0.00% 180,217 3.82%
    6 Mon 2nd Jul, 2018 300,000 100,588,056 0.29% 1,044,512 28.72%
    7 Fri 29th Jun, 2018 200,000 100,588,056 0.19% 1,344,285 14.88%
    8 Mon 21st May, 2018 48 106,643,214 0.00% 189,959 0.03%
    9 Fri 18th May, 2018 675 106,643,214 0.00% 17,479 3.86%
    10 Fri 11th May, 2018 49 106,643,214 0.00% 175,809 0.03%
    11 Thu 10th May, 2018 68,275 106,643,214 0.06% 147,526 46.28%
    12 Mon 7th May, 2018 5,000 106,643,214 0.00% 43,331 11.54%
    13 Wed 2nd May, 2018 250,000 106,643,214 0.23% 910,704 27.45%
    14 Tue 1st May, 2018 9 106,643,214 0.00% 64,186 0.01%
    15 Mon 30th Apr, 2018 19 106,643,214 0.00% 132,275 0.01%
    16 Fri 27th Apr, 2018 41,145 106,643,214 0.03% 450,476 9.13

    Here's how I see it.

    Firstly, the Class Action. What a load of Trollip! Prospectus says it all, SAAS - use it or ditch it. Then the Squire Patton Briggs "lawyers" give credence to some clown from AFR who pulls a $300 million+ figure out of thin air (or worse), and emblazon it on their SPB website. INCREDIBLE. I think the result will be GSW takes SPB to the cleaners (costs plus damages) where they deserve to go. Especially with the new hires whose bios indicate an ability in these matters. The new hires due diligence prior to signing on for OPTIONS also adds huge credence to GSW's legal position and technological prowess.

    Next there is the bag of cash and the fact that Fidelity International, and Regal are not participating in the CA and Instos are buying from the retail punters.

    We live in a world of deliveries of many things, so the market is massive and growing exponentially. Where there is smoke there is fire. If one of the names they have been signing up takes off then we as holders of GSW will be in "tall cotton" (very happy).

    GLTAH, DYOR, LOL etc.
 
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