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4.1¢ incannex healthcare limited

You’re wrong. These are naked shorts, and the seller can’t...

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JMiller83

149 Posts.

319

26/11/23

21:24

Post #: 71115230
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Originally posted by sirjezdog: ↑

There's 5m shorts sitting open according to asic

https://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/

These are often borrowed off super funds, the funds could have sold their positions on Friday - but the borrowed shares never got returned to them. This wouldn't be naked shorting, but still be an absolute clusterfuck.

From the email from selfwealth they said it was partially filled, potentially its the case that a lot were partially filled but the registry hasnt assigned them. What everyones saying, it seems like theres substantially more than 5m shares - so either there was an even bigger f* up, or everyone has partial shares in limbo.

Hopefully everyone follows this up aggressively, cos whatever happened it feels pretty shitty.

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You’re wrong. These are naked shorts, and the seller can’t settle. Legitimate shorts always settle because the stock has been legally borrowed. Ive been offered the “opportunity” to reverse my purchase and I’ve refused.

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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