Viceroy report published 14th January [or 15th January?] Their report uses both dates. Tyro management applied to the ASX to pause trading and this happened at 1149 on Friday 15th January. Without any further trading, TYR went into a Trading Halt at 1425 on Friday afternoon. Tyro then had until Opening on Tuesday 19th to provide a rebuttal to Viceroys alternative facts. They did this at 0942 on Tuesday morning and trading resumed when the market opened. Strong rally all that day. Honestly, what more could have been done? I thought it was very well handled and the timing was spot on. Looking at the volume, it looks like Viceroy and their shyster band started positioning their shorts on 12th January through to 15th January from $3.10 down to maybe $2.25. After TYR came out of the trading halt there seemed to be a scramble to cover and hopefully a lot of shorts were covered in the red at prices as high as $3.06 on the 19th. The only way shorts can make money is to buy back [cover] at a lower price than they sold. That can only happen if they can scare some bunnies into selling while prices are depressed by short term events or by the effects of their bogus report.
TYR Price at posting:
$2.51 Sentiment: Buy Disclosure: Held
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