Spot on melon yet the ramp crew can't or wont see it.
one here thinks coz they had the debt facility for years they won't use it.
well ASN always had cash, now they got less than a quarter of cash remaining, ASN are now literally on their knees financially, and that is not to mention the extreme unknowns of the halted leases.
once the cash is gone in a few weeks, it's eat into the $30m debt facility, and as you said Melon,
"""My experience with these credit facilities is this, expect carnageThey swamp the market with their shares they got at a discount, and the shorts enter big time, the price crashes, they get more shares at a discount, they sell and the cycle continues all the way down"""
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12 | 1220906 | 0.110 |
14 | 800171 | 0.105 |
31 | 3359520 | 0.100 |
4 | 782090 | 0.099 |
Price($) | Vol. | No. |
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0.125 | 112310 | 2 |
0.130 | 63522 | 4 |
0.135 | 117043 | 4 |
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