You seem quite emotional. I haven't implied any of that. I've just provided some views on why the shorters are likely targeting the company and some numbers alongside that. Aside from conspiracy theories about the shorters in cahoots with the media trying to do a hit-up job (which I pointed out the obvious weaknesses in here: https://hotcopper.com.au/posts/79053042/single) you don't seem to have any better ideas. I remain quite surprised at how many people can't compute the difference between someone presenting a hypothesis, and someone stating a fact.
Their calculations in the presentation require the US debtors to be cleared, and if they are they forecast $28.5M cash by 30 June. That's great so long as they do indeed clear all or most of those debtors. I'm not suggesting they won't - just noting this is probably what the shorts are banking on. Otherwise it's hard to explain why they didn't cover their positions after a 50% fall in the share price, and why on the price spike on Wednesday, there were another 2.19M shares sold short per ASX data. That was almost 40% of the trade volume on that day.
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