I do not know whether it has been tried at EOFY but what if a bidder made a conditional offer to buy SPL at say $5. The company would be obliged to disclose this and I daresay the price would rocket up to about $5 give or take. The shorters would then be caught with about $25M of exposure to disclose on their balance sheets. All sigh "What a shame".
The offer could then be withdrawn early in July quoting "funding issues" or similar.
It is perhaps a bit more formal than just sticking in fictional large bids or offers which is the game they play now. The buyer has to declare an identity but it would take a day or so for the buyer to be exposed as a of little substance.
Just musing!
While in the silly season
Add SPL (ASX) to my watchlist
 (20min delay)
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $51.50M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $9.147K | 76.19K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 532267 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 12500 | 1 |
View Market Depth
| Last trade - 15.42pm 06/05/2024 (20 minute delay) ? |
| SPL (ASX) Chart |