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21:49
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Originally posted by Rothal2022:
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Bugseye "Can anyone calculate the losses of TOILET and SUPAH HOOTAH DE GOLFA if the shorted the stock at 80 cents when AVZ start to trade or someone will offer a $3.80 per share...IMHO TOILET and SUPAH borrowed 1,000,000 shares each with an interest of 10 percent ..." To be honest, I don't find joy in others' losses, even if they can be bothersome to me. My happiness stems more from personal gains. Therefore, I would prefer to calculate my potential profit if the future decisions of the courts and the response from the DRC government turn out positively for AVZ. In this scenario, a stock price near or slightly above the old all-time high would be sufficient to make me happy. If at all, for me experiencing prices above 2 AUD might only occur if AVZ starts trading at that level upon resumption, which I find unlikely.
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what? correct me if Im wrong but if we get a buy out and trading is not resumed then all the shorts will need to cover their arse on the borrowed shares which are actually all on loan, there's no naked shorts on the ASX, eg if they have 1mill shares shorted at 78c and need to cover those shares to return them to their rightful owners at $3.80 then theyre in all sorts of shit. Happy to be corrected but surely someone's going ot foot that bill
(20min delay)