Interesting thread. The recent T20 reports here basically lay bare what LDA can/are doing. They get the capital call, then borrow/short the stock (intraday I gather) to drive it down and are therefore able to cover at a much cheaper price after the 30-day conversation period. That's what I suspected the 19 July 'clarification to LDA pricing mechanism' announcement was saying (as did a few Twitter commentators far wiser than I). These T20's, combined with the price action, look like they confirm that. One thing is for sure: LDA are not selling these shares issued at a loss - that's not how these finance sharks get to where they are. Not sledging, just calling what I think I see (following this finance deal as I was initially bearish on it).
HIO Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
