Today I attended a presentation meeting from a listed investment company (LIC) & asked the question about their shorting of ACR & if they had reduced their exposure as they had previously held a significant short position for a few years.
The reply was, yes they had reduced their exposure, still had a short position & that they believed the stocks valuation was less than 30 cents per share.
I am simply the messenger so I will leave you to form your own conclusions.
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