BETR News Thread, page-383

There has been a heap of debate about this in recent months, and I think the general consensus was that it has something to do with the way the agreement between Macquarie Bank & Tom Waterhouse was written?

From what I understood of the previous posts, it appears that Macquarie can "return" the shares they lent out (presumably to shorters) - but without them somehow having to purchase these shares on market?

According to Shortman, the shorts on BET have now dropped to just 69.9m (7.49%) on Friday 23 December - but as you point out, there has been no increase in the BET share price?

And the traded volumes on the relevant days were far lower than the reduction in the number of shorted shares according to Shortman (see details below).

29 Nov 141.2m shares shorted (15.13%)
2 Dec 121.5m shares shorted (13.02%)
Wed 21 Dec 121.75m shares shorted (13.05%)
Thurs 22 Dec 107.2m shares shorted (11.5%)
Fri 23 Dec 69.9m shares shorted (7.49%)

After watching the BET share price get manipulated pretty hard in 2022, somethin certainly "doesn't add up" here

Be interesting to see what happens from here - as all things being equal, 2023 should be a great year for this company