Another catch 22. Those holding short positions relying on the 36c subscription price to cover.
If the acquisition does not go ahead shorts currently accepting the risk of a further increasing share price maybe caught with there pants down forced to cover at a much higher price.
If the acquisition happens Shorts would also have to be holding shares aswell to be eligible for the 36c subscription and only allocated a percentage of current holdings.
Gltah cheers
Good News & Bad News, page-7847
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 97 | 622937 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 580 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |