@ThinkinLoudly, great input but can I clarify one issue with that analysis.
In order to short sell a stock you need a broker who can provide you with a party willing to loan you the amount of shares for shorting.
The level of shares loaned you are suggesting cannot be achieved as this is widely held by many small retail.
Look at (Shortman data) and you will see even recently it struggled to get 800,000 units of its stock shorted, Tuesday 5th Feb was a spike at this level. This reflects a whopping 0.06% of issued capital. Previous recorded short position was on 22nd January for a measly 60,000 units 0.00% of issued capital which is still a high on the recorded data.
My point for emphasizing this is that BLK is not a stock that attracts large short positions. In fact last 12 months history indicates that this has had marginal Micky mouse sized short positions at best.
All the best for Lind getting anyone who can lend 23million units, simply it ain't going to happen!!!
I have attached a link below to shortman.
https://www.shortman.com.au/stock?q=BlkFor the benefit of many here don't worry about short positions taken on this stock as it is negligible and has little impact on price as you can see that shorts even struggle to make a couple percent of daily traded volume. I have mentioned this many times on BLK thread in the past as often I see many bring out the this stock is being shorted argument.
Apart from that @ThinkingLoudly I agree with other analysis. I don't think Lind will dump on conversion as this will affect how much they receive. Once they convert to equity they take market risk like any of us. Could covert 750,000 worth of interest but only receive far less on selling if they load the sell depth as you have highlighted.
What I do see is that current SP action allows a conversion at basement prices that in the event an unexpected improvement occurs say March QTRly Lind have the opportunity to sell shares converted at a reasonable price with very little downside risk. Remember this first parcel of funding does not have a minimum MC clause from my understanding as the other tranches require a minimum of 80mil MC
Again this is why we need to push for monthly reporting as my feeling is this is the deal with Lind to ensure they make some decent coin before any further tranches are issued in the future.
