crackpot...
Exactly...who would short such a stock?
There is only one safe way to do so...if you know 100m shares will be issued at say 5.5c, or that failing, at a price below what ever average you manage sell 100m shares at...then one might suggest this is possibly the only safe way to short such a stock.
Not many stocks could withstand such an onslaught.
It was a similar scenerio over at MNE by the way...where I suspect much of the stock eventually taken in the 10c CR was actually pre-sold into the market well above this level.
Again...pretty fool-proof way to short a stock...but only works if you know what is coming.
It's called "raising capital through the markets"...lol
Anyway, good luck to you crackpot...you are one of the few on here I am happy to disagree with on what I see are fundamental pricipals, yet still respect you just the same.
Cheers!
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $55.17M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $27.17K | 201.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 778219 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 543003 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 778219 | 0.130 |
5 | 221200 | 0.125 |
5 | 425008 | 0.120 |
2 | 13699 | 0.110 |
2 | 19055 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 543003 | 9 |
0.145 | 353599 | 3 |
0.150 | 299914 | 4 |
0.155 | 203972 | 3 |
0.160 | 313079 | 4 |
Last trade - 10.41am 03/09/2024 (20 minute delay) ? |
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RXL (ASX) Chart |