That's what I said yesterday, the shorts must be covered soon.
But the others suggested, it will take a long time for Opes to get those shares back. Because of the legal issues.
I don't know if these suggestion is true.
My view is the share will go up at the end. The news is not related to the company's fundmentals. But it sure will creates chaos in share price in short terms.
Remember, the source of short shares is cut. Opes is not longer lending shares (or able to).
GBG Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held