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redipod

897 Posts.

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23/04/20

14:09

Post #: 44213338
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Originally posted by BobbyKennedy: ↑

98% take up of the insto component and the T20 control something like 70% of the register. The T40 control 80%.

If 57m were outstanding before today, and all 57m got covered in the CR, that would mean the controlling parties took up very little and I would bet strongly that’s not the case. I would go as far as saying that the company would actively ensure the short parties got little to no stock.

Even if say 10m got covered, that will mean we see a sharp drop in shorts (reported four days following completion) which in itself is a very bullish sign and will certainly put pressure on the remaining positions to close.

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Thanks for the insights!

Well only 9.7m shares traded on mkt today....so to me it seems the shorts have barely covered....even if they are at best 30% of volume today.

Here's hoping they'll have to buy up at considerably higher prices!!!!

NCZ Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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Short interest, page-3

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