Another thing that comes to mind is that CMC don't do DRS...

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Driver1

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09/02/24

12:16

Post #: 72322953
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Originally posted by longwindingrd: ↑

Been traveling just catching up n threads, maybe already covered.

Surprise Surprise i opened my cmc trading account today and low and behold the 4 mil shares i purchased on the last day have turned up in my account. Showing as 40000 IXHL-US Last trade 3.29 Then in balance column converted to Aussie Dollars.

i thought this would have transferred to the US- computershare and i wouldSo have to go through all the drama of transferring. I still can't access compute the rshare account, but this outcome is even better i now have access to 40000 IXH on my CMC platform, Cool.

So it looks like Naked short has either covered or partially covered, maybe due to pressure from Aussie brokers or they are realizing it's not going to get much below 3 not sure. Lets See how it plays out over next few days.

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Another thing that comes to mind is that CMC don't do DRS transfers but hey presto we have our missing shares arriving at CMC with the right ticker and at the correct conversion rate!!!! So how does that differ to them not transferring DRS but hey we'll do the deal with the naked shorts and credit your account.
Sorry if the message is a little inexperienced but could some shed some light or would it be that the deal was done after redomicile so same rules don't apply??

IHL Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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