The shorters are manipulating the value of that 'success'
Their means are for a capital raise well below 'fair value.'
if the company buys back shares they know are well below fair value and they know the shorter must buyback their shares at some point..the risk of a loss on that capital is minimal.
CVN share buyback to squeeze shorter, page-3
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $259.4M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $260.6K | 1.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1647050 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 408931 | 6 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |