I think the threat of an EGM may have started some jitters.If an...

I think the threat of an EGM may have started some jitters.

If an EGM is called and the lender/s of the shares that are sold short wants to vote, the shares will be recalled. 50 million shares will need to be bought on market and returned. From an EGM notice being delivered to the company it would allow an absolute maximum of just under 3 months for roughly 50 million shares to be bought and returned. That's about 7 times the average daily volume over the past 4 weeks. That would create some fireworks to the share price especially with traders adding to the momentum. Then any potential raise/funding at a higher SP.

If the lender wanted to block any motion, they would have to recall shares. If they didn't recall, more chance the motion gets up.

Need to be delicate with the motion but it seems like retail banding together here could flex some muscle. I'm all for it. Motion something along the lines of any potential CR for working capital is offered to existing shareholders first.

Maybe some covering on Friday was due to this possibility.