I'm not sure a token, say $400m, share buyback would have any effect given the 21% short position. I feel the shorts would just absorb the approx 10% liquidity input.
I am also of the opinopinion that the shorts are selling to themselves (illegally) as well so maybe not the most unbiased umpire....
I think we holders are forced to wait until they have had their fill and hit their number to exit. nothing we can do and definitely nothing the ASX will do.
#PLS SP on a string.
Good News & Bad News, page-43123
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Last
$3.02 |
Change
-0.040(1.31%) |
Mkt cap ! $9.090B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.11 | $3.02 | $55.82M | 18.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 424619 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.03 | 17344 | 2 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |