Because >60% of the ASX200 is held by passive funds. There are next to no long term focused, active funds in Australia willing to invest in pre-revenue companies. Given this, it is an easy game for the hedgies to push in and push out any pre-revenue company that gets close to the entry threshold for inclusion in the ASX200.
CU6 should never have been run up into the ASX200 and now it is there it shouldn’t be kicked out off the back of short selling. It is a pure theft from passive investors and the only ones getting rich are hedge funds.
CU6 Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
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