Another catch 22. Those holding short positions relying on the 36c subscription price to cover.
If the acquisition does not go ahead shorts currently accepting the risk of a further increasing share price maybe caught with there pants down forced to cover at a much higher price.
If the acquisition happens Shorts would also have to be holding shares aswell to be eligible for the 36c subscription and only allocated a percentage of current holdings.
Gltah cheers
Good News & Bad News, page-7847
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Last
$2.95 |
Change
-0.030(1.01%) |
Mkt cap ! $9.049B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $3.02 | $2.91 | $41.21M | 13.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 205681 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.96 | 221927 | 41 |
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| Last trade - 15.54pm 11/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |