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Thinking more on this, maybe Merryl pump it, then sell some,...

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Salubrious

6,490 Posts.

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27/03/24

20:04

Post #: 73091047
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Originally posted by Salubrious: ↑

Correct me if I am wrong, but my understanding here is Merryl Lynch have borrowed 20,557,072 (~$1.56mil @ 7.6c) shares, from Regal to short.

Pretty ballsy move given a $14mil funding package is sorted and CDX are in the process of rolling out the recently FDA approved Pulse.

An announcement on sales would be brilliant now, add $1.5mil to the buy side for cover, they could get pretty burnt. In lieu of that, I'd anticipate them to dump and hammer the share price with the hope it goes lower, which doesn't really matter in the short term as we're well funded!

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Thinking more on this, maybe Merryl pump it, then sell some, then buy it back cheaper... It doesn't make a lot of sense if they're going to dump a well funded speculative co worth $22mil at this price with the hopes of buying it back cheaper... Interesting and worth keeping in the back of our minds.

CDX Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $15.88M

Open	High	Low	Value	Volume
5.4¢	5.4¢	5.4¢	$810	15K

Buyers (Bids)

No.	Vol.	Price($)
4	254068	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	44413	1

View Market Depth

No.	Vol.	Price($)
4	254068	0.050
2	523634	0.048
2	395100	0.046
6	462800	0.045
1	125000	0.043

Price($)	Vol.	No.
0.054	44413	1
0.057	110000	1
0.064	380	1
0.065	1942	1
0.069	2500	1

Last trade - 15.17pm 16/05/2024 (20 minute delay)

CDX (ASX) Chart