ADN 0.00% 0.6¢ andromeda metals limited

Ann: Results of Meeting, page-23

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  1. 2,033 Posts.
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    @szopen I have those answers for you. I thought is was obvious.

    If they have borrowed 8% and out of those 8% they have shorted 2.5% then they still have 5.5% lying there (long) ready to sell.

    That remaining 5.5% is continous ammo to continue to cap the price and drive it down. They would never want to run out of available stock because then they can't sell into every announcement.

    And the other resolutions... all are to do with spending money. Wages, Incentives, Remuneration, Chairman. The more ADN spends on wages etc the quicker money dries up and that is good for the shorters. They want to be able to make a mockery of salaries and they want money to dry up.
    Last edited by SignOfTheTimes: 23/11/23
 
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