"B. 51.8 Days to Cover - ..... this high number of 51.8 days, does not allow them the opportunity to exit quickly,..." (thanks @Joannie)
Frankly, I cannot fathom the carnage if there were to be the slightest uplift in share price, resulting in a scramble for script, they wouldn't even be able to panic quickly - let alone exit.
By the above numbers, I calculate that it would take at least until May 4th IF there were a price sensitive announcement and they were able to start tomorrow - which would not be possible until after the announcement cooling off period, hence May 5th earliest. (isn't the Cinco de Mayo the day of the dead?)
I am assuming those are trading weekdays excluding weekend and public holidays (April 7th, 10th and 25th).
If the above assumptions are correct, then why/how in the world would any sensible person allow themselves to be painted into that corner?
Boggle, boggle boggle.
LTR: Short squeeze coming for shorters - 2nd highest likelihood in all ASX, page-609
-
- There are more pages in this discussion • 3,515 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.00 |
Change
0.035(3.63%) |
Mkt cap ! $2.425B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | $1.02 | 97.0¢ | $15.30M | 15.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 92465 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 20810 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |