They should just declare a special dividend suddenly and the shorts would all be down by the value of the dividend. The spectre of bad m&a would also disappear.
Shareholders could then use the dividend to buy more stock on top. If the price fell due to less cash, it would help shareholders average down harder. A buyback takes too long to pressure shorts and often they have enough time to generate some fud to cover.
Ideally though ( and i know they wouldn't do this) they would use their cash to buy TESLA shares, creating massive uncertainty for the shorts and a huge risk that the Tesla holding doubles or triples over the next few years and burns the shorts. If they did this instead of paying dividends, then over time it would become diversified and also give people a way to invest in the most popular USA stock for aussies but stay on the ASX and chess. In fact, on stake, PLS and Tesla are both the most popular individual stocks on each exchange for Aussie trading.
Pls shorted, page-705
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Last
$3.14 |
Change
-0.100(3.09%) |
Mkt cap ! $9.450B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.10 | $101.3M | 32.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 274897 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.14 | 246919 | 7 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$3.13 |
Change
-0.100 ( 3.43 %) |
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| Open | High | Low | Volume | ||
| $3.17 | $3.20 | $3.10 | 15825747 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| PLS (ASX) Chart |
