There is a 4 day delay in the graph in shortman, the drop is reflecting the high volume spike to $3.70, i expect shorts have continue to decrease, but by less and is trending towards 10%, and the share price heading towards the preliminary bid price.
The volume has been getting really low, the buy side has been close to 1.2M shares, which is really low, if there was a lot of sellers all of a sudden im not sure what price would draw new buyers out to take up a big volume of sellers, which is why i suggested $3.
I dont mean to suggest it will head to $3, it was just speculation if there was an event that caused a lot of selling (e.g KKR withdrew pre-emptively and said bad things).
The bid price should act as a long term support, but I think its worth a lot more than that, and expect the IBC will bring us good news in justifying a higher price.
VOC Price at posting:
$3.56 Sentiment: Buy Disclosure: Held
