since several weeks the short sales of BTA are very high. At some days we had reported gross short sales of more than 20%.
High short sales are one reason why the shareprice is kept artificially low.
To STOP short sellers and manipulators, many of us in Germany have done the following:
We have offered our BTA-shares for sale at the ASX until December 31 for a shareprice of A$ 15 ! Thereby its not possible for the shorties to lend our shares, which is necessary for short selling !
It would be great, if some of you could do the same ! Its simple, you just have to call your broker and he can do it with one click.
All of us should be interested in a fair shareprice - and this is a simple and effective way to make life harder for short-sellers, who try to keep sp down at a dumping level.
Best regards from Germany Eric
BTA Price at posting:
$2.62 Sentiment: Hold Disclosure: Held