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2.0¢ unith ltd

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Von Rico

4,816 Posts.

1132

01/02/24

17:00

Post #: 72189490
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Originally posted by Von Rico: ↑

Currently 90,734 shorts reported on ASX. Thats $1,620 worth of stock. Why on earth would anyone do that?

UNT has increased more than four-fold in size since Shapira and Co came on board 4.5 years ago.Back then the company had a market cap of $4.4m and a share price of $0.020 and now the market cap is $18.8m.Such is the power of dilution and with more to come, the market cap will grow.

If UNT is the new Canva as Diablo claims, then why didn’t Idan wait at least a few weeks to let his glowing 4C get some traction and work its magic before calling a CR, after all, the 4C states they have enough cash to get through to the end of June. I acknowledge cash will soon be required however why was he in such a hurry, that’s the question in my mind.

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I would say the shorts are just an overnight thing in that a broker has made a mistake and inadvertently sold more shares than client had on hand and fell into a short position until they could buy back and clear it up the next day.

UNT Price at posting: 2.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 2.0¢		Change 0.001(5.26%)		Mkt cap ! $24.55M

Open	High	Low	Value	Volume
1.9¢	2.0¢	1.9¢	$48.49K	2.543M

Buyers (Bids)

No.	Vol.	Price($)
1	157894	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	359354	4

View Market Depth

No.	Vol.	Price($)
1	157894	0.019
8	2087666	0.018
11	1908362	0.017
5	1467500	0.016
4	2060000	0.015

Price($)	Vol.	No.
0.020	359354	4
0.021	400000	2
0.022	2117314	5
0.023	2154714	5
0.024	1606883	4

Last trade - 13.45pm 12/09/2024 (20 minute delay)

UNT (ASX) Chart