What about if the shorters are the same as the future buyers? They short the stock, push down the price. Then buy the whole company at 25 cents. They can return the shares then.
Of course, they lost on the dumping shares. But they can buy the whole company cheap. Good deal!
U.S. Instos smash market to buy back short positions, page-9
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Last
$12.56 |
Change
-0.680(5.14%) |
Mkt cap ! $3.748B | |||
| Open | High | Low | Value | Volume |
| $12.52 | $12.71 | $12.09 | $73.41M | 5.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8050 | $12.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.58 | 5545 | 2 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |