DUB 0.00% 1.7¢ dubber corporation limited

Dubber.Dubber.Do., page-5788

  1. 201 Posts.
    lightbulb Created with Sketch. 27
    Let’s not forget that 31 millions shares were issued in November 2020 at a price of $1.10. I suspect a fair chunk of these would have been offloaded recently in November - December following 12 months passing and being able to claim CGT discount and would have been up +200%. Many of Those who participated in the cap raise happy to take profit at this level.

    Coupled with this we also have also had the sell-off of loss making / high multiple tech.

    I also suspect the sudden increase in short positions we saw in November from 0.5% to 3% was likely a larger holder who took place in the Nov 2020 cap raise taking a hedge as they offloaded some of their holding. By placing a short hedge and selling down some of their holding, any reduction in the price could be partially offset.

    Just some thoughts on the recent price weakness, likely a confluence of factors.
 
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24 6780569 1.6¢
 

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1.7¢ 549979 2
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