Micky - what's hard to understand.
I would think their formula would be:
a) derive a fee from the placement;
b) profit from shorting (and cover the naked shares by the guaranteed placement to instos);
c) if the allocation goes to private investors with margin accounts - well yippee, more loaned shares to short with
d) keep the shares depressed under the public rights issue so they can get an allocation of these shares at a depressed level (also probably earn a fee for making up the shortfall)
e) start ramping, & gain a stag profit from the shares you've picked up at the artificial low price.
Unfortunately, the POG seems to be moving against them but I've got my order in for 38c - I don't think they'll let this go without a fight.
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21.5¢ |
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Mkt cap ! $175.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 292554 | 21.5¢ |
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Price($) | Vol. | No. |
---|---|---|
22.0¢ | 33200 | 2 |
View Market Depth
No. | Vol. | Price($) |
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8 | 292554 | 0.215 |
29 | 1448393 | 0.210 |
13 | 1412580 | 0.205 |
26 | 951648 | 0.200 |
17 | 752393 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 33200 | 2 |
0.225 | 326872 | 7 |
0.230 | 429420 | 7 |
0.235 | 387491 | 4 |
0.240 | 178133 | 10 |
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