It looks like we can firmly lay to rest any fancy theories of a shorter selling more at 11c today.
It’s “easy come, easy go” at the bottom end of the register. There could have been a myriad of reasons why someone needed to sell a mere 6 million shares. Why speculate?!, it has no bearing on the outcome of trials or where the price will be in 6 months mths time. Whether or not it was a portion of the 95 million short position being covered is more interesting, we will find out next week ( due to 4 day lag) if that was so. Getting 90 million back sub 14 will be a tough job. Why gift them liquidity with a cheap sell order.
IMU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
