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18:37
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Originally posted by mondyinvest:
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LDA did put a rocket up the HIO share price. But it was because retail mostly misunderstood how disadvantageous the deal was - although blame squarely sat with the company as HIO incorrectly announced how the deal would work and had to release a correction months later. It was the correction that made it apparent that LDA were able to dump the shares for easy profit. No wonder that HIO called on the facility only once, and thereafter they went cap-in-hand to Regal. The price spiked because of frothy retail buying, just like in BRN. Yet LDA are just there to flip their shares, not to mention the millions of options they wrangled too.
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Great Post. Earnings will always be the bottom line.
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