Pure speculation here but wonder if someone tried to front run a MtK conversion/ dilution thinking they had two weeks left until the quarterly. Correct me if i am wrong but they have usually come out around the 26th?
Shorting ahead of a (? known) warrant conversion is a great move but not ahead of a quarterly reasonably expected to show record sales and positive cash flow. Even a whiff of 'break even' either this quarter or next would be ugly for a short position -dilution or not.
Pure speculation here but wonder if someone tried to front run a...
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Last
$6.15 |
Change
0.100(1.65%) |
Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.18 | $6.37 | $6.08 | $26.63M | 4.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17840 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.17 | 8880 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |