They shorters f*ing knew....
They doubled in shorts-to-SOI 1 week before this release to avoid suspicion. Nothing will be done about it though, as those new shorts wouldve been companies in the know.
Why do I think this, well for one shorts are extremely dangerous (GME for example). And in Australia sometimes you have to contact your broker to see if there are shorts available (which before the 23rd it looked like the maximum short cap on 88e was under 30,mil).
So my logic is telling me they would have to convinced thier broker with utmost certainty that the stock would tank.
merlin 2 wirelogging london annoucement, page-23
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $36.62K | 15.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 621 | 874601304 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 509937628 | 127 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |