Ann: Syrah announces fully underwritten A$110M capital raising, page-13

Ok so if there are approx 52M shares that are short, and there is a 10.5 for 1, that means that if the people that lent that stock want that entitlement, which i hope they do, it means that just under 5 M shares need to be purchased by October 5th just from them alone. Any thoughts on this - am i correct in this assumption? Happy to be corrected here if wrong, I'm just curious thus asking a question.


Another solid signed sales agreement from SYR and it could be $5-$6 in a heart beat and these shorters will have real issues, especially if all those who lent stock out suddenly all want it back.

Either way, I think this is about to get SUPER ugly for these shorters, and very quickly!!! Can you imagine the margin calls they all got in the last couple weeks - ouch!!!!! Serves them right and this is just the beginning of their pain I'm sure.