I guess there is a short play risk as well.
If a dedicated effort were made to make the equity offer to bond holders unattractive and it fell over, then the shorts would win big by way of the company failure.
This happened with B&B where the shorts pushed until a covenant was breached and then they made out big time.
That is not to say that B&B was not stuffed prior to the shorts but they were the trigger.
Maybe someone can update the short position status?
I don't believe in the general short conspiracy crap and I prefer to see shorts higher than lower if I believe in the long. On this occasion that only works if the deal gets up.
I guess there is a short play risk as well. If a dedicated...
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Last
$9.72 |
Change
0.090(0.93%) |
Mkt cap ! $2.907B | |||
| Open | High | Low | Value | Volume |
| $9.94 | $10.07 | $9.69 | $34.89M | 3.537M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3453 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 4814 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |