WBT 5.50% $2.11 weebit nano ltd

Ann: Becoming a substantial holder, page-39

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ANNOUNCEMENT SPONSORED BY PLUS500
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 139 Posts.
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    Hi Lancermo, I'm also having trouble understanding this announcement, but what I think it says is that Mitsubishi UfJ has bought about 9,7 million shares in Wbt. Of these about one million shares are borrowed shares owned by Citicorp. 8.7 million shares is a massive investment, over 40 million dollars. I doubt they want to see their massive investment go down in value. Why would they sell these borrowed shares and reduce the value of their 8.7 million shares ? I doesn't make sense. It makes more sense for them to simply return these borrowed shares to their owner, Citicorp, and do whatever possible to increase the value of their 8.7 million shares, which means buying more to support the price.
 
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