I am hearing rumours from several places within the Opes/ANZ nominees circle that ANZ had lent 10mil of the 27mil shares out and they have been short selling CQT for awhile now.
Now we all know thru the price action that this has been happening, but what it means now is that ANZ want the shares back (in order to re-coup there money) and the people they lent the shares to will have to start buying them back, and back now.
I am also hearing that GF is the likely buyer of the 27mil shares from ANZ. It is unlikely JT will get them back.
CQT Price at posting:
0.0¢ Sentiment: None Disclosure: Held