BrainChip - Continuing concerns about continuous disclosure, page-335

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hamilton66

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03/02/22

20:27

Post #: 59341096
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Originally posted by Rexryan: ↑

In August there were 61 Million shares shorted. Only 32 Million have been closed. In August the shareprice was 47c. If you shorted BRN at 47c lets say for 5 million shares. that would have cost you $2.35 Million. Currently if you need to cover those shares, it's going to cost you $7.9 Million, plus fees. If the company went under then you'd lose as a normal holder $2.35 Million 100% the risk of a shorter is there is no limit. So there is your burn. Like true gamblers, the shorts are likely trying to buy high again, yesterday and make up some of their losses. If they gamble too hard then those losses could end up not 235% down like they are currently but possibly 500% down on a new contract lets say. So yes shorting can be a good profit, but it can also be a very dangerous game to play. "Gamestop" anyone? From this point as a holder of over 440k shares who will not sell at any price I am happy that short holdings will need to buy back a lot of shares. The interest in BRN is high so if they don't time it right, by the time they have to buy, they may well push the share price many many times higher than we are now.

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ASX Short Selling: All You Need to Know - Market Index
The VW case is an interesting 1 to note. These boys and girls are playing a very dangerous game. Happy to be a LTH, sitting on the sidelines.
GLTA

BRN Price at posting: $1.59 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 19.5¢		Change 0.005(2.63%)		Mkt cap ! $361.9M

Open	High	Low	Value	Volume
19.5¢	20.0¢	19.0¢	$661.1K	3.388M

Buyers (Bids)

No.	Vol.	Price($)
14	516291	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	1158060	31

View Market Depth

No.	Vol.	Price($)
14	516291	0.195
86	2536976	0.190
40	2085642	0.185
58	1661242	0.180
21	425405	0.175

Price($)	Vol.	No.
0.200	1158060	31
0.205	1015791	23
0.210	1064366	27
0.215	566597	22
0.220	677708	22

Last trade - 16.10pm 17/07/2024 (20 minute delay)

BRN (ASX) Chart

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