I believe the combination of "short selling" and "synthetic shorting" is being used to hold the share price down for the purpose of a takeover bid. However near impossible to prove.
A Synthetic short mimics naked shorting.
A post from 22 years ago explains synthetic shorting.
#: 73135
How do stop synthetic shorting?
You could close down the derivative market. Not going to happen.
GLTA
I believe the combination of "short selling" and "synthetic...
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Last
$1.83 |
Change
0.000(0.00%) |
Mkt cap ! $2.148B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.86 | $1.83 | $4.438M | 2.412M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15432 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 16388 | 2 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$1.83 |
Change
0.000 ( 0.15 %) |
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| Open | High | Low | Volume | ||
| $1.85 | $1.86 | $1.83 | 1264726 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| BGL (ASX) Chart |