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11:42
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Originally posted by SA1588
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John, Good summary of the risks. I throw the following into the mix:holders of 54m $1.28 warrants are locking in profit now and utilising resultant funds elsewhere until they need to exercise their warrants in 2018 ". Subsequent to discussion of this theory I read that TFC has bought back all of these warrants and refinanced them at lower rates and extended maturity to 2023. So I am wondering if the short sellers are operating as Lies and Dam Lies explained several months ago: They sell short above $1.60 and buy back below $1.40. Problem is the proportion of capital short sold as recorded on shortman.com.au does not support this explanation.
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The 54 million warrants are still listed in the Annual Report.
