Yeah really interesting risk to take for a low potential financial gain. It can only drop 16 cents but the skies the limit for upside potential if they start hitting their targets. The flip side is potential losses could be enormous if they get it wrong. A low priced company allows plenty of small retails to buy in and hold if they believe in the long term story, effectively choking off supply from shorts obliged to cover. We’ve seen GameStops massive price spike based on a bunch of well organised retails and Game Stop isn’t exactly kicking goals in the States. Those hedge funds took an absolute hammering after getting out manoeuvred by the little guys for once. Shorts bet against companies and when they get it wrong it’s pretty simple, they pay. Hopefully some Insto starts to buy in and show some faith and get the ball rolling. Half year results 25th Feb from memory....
EVS Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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