The shorts arent getting shafted - they already won. Most of them closed their positions privately years ago. It's not difficult to imagine how. Investment house has a million shares on loan, but suspended with no end in sight. In their books they'd have written them down to cents of the dollar.
Talk to the borrowers, agree to liquidate their position at 10c/share, or 20c. Shorter is happy to close out the position for a tidy profit, investment house is happy to have offloaded junk untradeable shares.
"literally the only people who will benefit from listing early are the shorters". Again, no. They are laughing all the way to the bank. Meanwhile, there are SMSF's thousands of dollars out of pocket over this, paying for accountant and auditor opinions every year to get their compliance signed off. Mum and dad holders in tough financial times who have had huge amounts of money suspended and untouchable. And plenty of other holders who are just sick of being sold one thing by JK, only to have another thing happen. And we are all stuck here. If JK were even slightly a man of his word, we'd have listed over a year ago. Literally the only people suffering are the Mum and Dad investors who he's conned to voting for every idea he fails to follow through on.
SP1 Price at posting:
$1.07 Sentiment: Sell Disclosure: Held
