Hi Wednesdayschild,
Have you considered the contribution of Paul Hoppers hedge as it relates to reported short positions? As listed below, you can see the total hedge is now around 127 million shares and there could be additional hedge positions from non company related top 20 shareholders such as the Mann family. Given the shorts seem to have plateaued here, I’m guessing it’s mostly hedge. Does this make a difference to your thinking or is it irrelevant?
30/06/2023
Pursuant to ASX announcement dated 23 December 2020, Executive Chairman, Paul Hopper, advises that the Funding Arrangement referred to therein, has been extended by approximately 30 months and increased by an additional 20 million shares.
23/12/2020
The Funding Arrangement has a term of three years and is secured by 107,126,062 fully paid ordinary shares. There are no share price triggers associated with the Funding Arrangement that could result in margincalls or mandatory early repayment.
IMUGENE CHART. TA only, page-33306
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