QIN 0.00% 29.5¢ quintis ltd

Class Action, page-44

  1. 3,053 Posts.
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    surely spam would be repeating the same false statements and ignoring the explanations given to you many times that

    a) I'm not short, therefore I'm receiving no interest on a short position nor am I paying any borrow fees.
    My disclosures have always been fully transparent:

    11 May: https://hotcopper.com.au/posts/24620097/single

    Whilst I continue to value the company at zero, I've covered my position this morning. The position was about 70% in the money, but unfortunately that meant that it had shrunk to 30% of its original size, so I've taken the profits. If there's a bounce, hopefully there will still be some borrow to get short again, but until then - or until ASIC announce an investigation (as they should), I'm out.​

    b) Those who are short are paying tiny amounts away in borrow fees - equivalent to 0.27c per share per month or less. That's negligible even on 29.5c, let alone the $1.40-$1.50 that most of the shorts got in at, as explained to you many times:
    https://hotcopper.com.au/posts/26639991/single

    c) even if people were paying away big borrow fees, it still won't help you personally - that's just wishing ill on people smarter than you. It won't bring you $ back.

    d) as I posted on 11 May, https://hotcopper.com.au/posts/24611997/single I'm sorry for people who invested in QIN on good faith believing the story and had the wool pulled over their eyes. I'm probably less sorry for those who bought it 'cos it had fallen a lot' - knife catching's a rubbish strategy and that lesson sometimes takes big losses.

    But as to the rampers who continue to propagate falsehoods and false hope, I continue to hope that you own lots and lots of QIN.
 
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