SP1 0.00% $1.07 southern cross payments ltd

Are you sure they wrote it down?Are you sure they did not close...

  1. 261 Posts.
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    Are you sure they wrote it down?

    Are you sure they did not close their positions (i.e. buying off-market)?

    I'm of the belief that the primary markets offer a few weeks back was an insto closing their short with a purchase in the sub-10c pricing.
    I speculate this as I did get in touch with them to try to sell but couldn't reach agreement on price (I was trying for 30c as per the off-market thread, whereas the person I spoke to hinted at sub-10c pricing). The numbers add up... the number of shorts vs the amount that the client was putting forward ($1.5m * < 10c/share = > 15m shares).

 
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