We are on a hiding to nothing.
It is clear that the shorters in the main are not mums and dads but huge international corporations.
What can a company do?
1. Can a public listed company pass a motion banning the short selling of its securities? Since short selling has been around since the 1600's there are bound to be plenty of precedents.
2. A company can raise a loan and buy back the majority of its shares which have been issued - these shares can then be reissued in the future when the price is more favourable
We are on a hiding to nothing.It is clear that the shorters in...
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Last
$1.14 |
Change
0.020(1.79%) |
Mkt cap ! $441.4M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.12 | $3.158M | 2.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 20306 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.14 |
Change
0.020 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.15 | $1.12 | 762588 | ||
| Last updated 16.09pm 03/05/2024 ? | |||||
| CHN (ASX) Chart |