If it goes to 3C, I'll double my holding averaging to 4.5C and hold until the price appreciates to 20C. Reality is that short is all over the place, yesterday's announcement has only added a Cents to Monday 18 March share price.
We can't win against shorts, they possibly sold 50M shares yesterday at or around 4C, now needs to push price down to 3C to load up again. This will happen in cycles until there is something tangible happens (T/O or licencing deal) where shorts will completely burn out (also on condition that there are no leaks). In my opinion extremely high share issue including freebies to the management, high trading volume and liquidity attracts shorters more than anything.
The IMU management needs to think about share consolidation, possibly 1:100 shares or even 1:1000
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