RE: Big shortToday 00:45
I laughed because it makes no sense. Bonnier family hold around 500m AAA shares, recent placing at 2p. Debt owed is 1.4m. In the requisition they have committed to pay 1.4m in escrow until the EGM process is completed. This does not suggest Bonnier family are bankrupt and AB is not “the go to”. It is abundantly clear the real shorters&manipulators are using the Bonnier family to hide their illicit activities. It may have worked if they refrained from spreading FUD.
I don’t think I have missed anything. If 30m was used to open short positions (suggested in court documents I read) the money is not off the table and there is a monthly payment on the borrow. “Buy shares as cheaply as possible” if party A was hoping to destroy party B, they would be banking on party B to capitulate at the lows.. short covered, return shares to BOS and live happily ever after. Now it seems party B has deep pockets and no intentions to capitulate AB shares. This would leave the shorting party in a right pickle. AB going from strength to strength, making record numbers, stronger backdrop, ad spend on the upturn, MT buying like a dog on heat and M&A activity looming in the next 12 months is a recipe for disaster for these shorting manipulators. Now if the shorting party was leveraged to hilt, the monthly payments on the borrow can become very painful. Could this be the reason NC is liquidating his MTL shares?
Anyway, enough conspiracies for one day, I am sure the truth will surface sooner rather than later. One thing we can both agree on “massive manipulation”. I for one would rather be long than short. I had a very good week on Tesla, profits into AB next week. I strongly believe Stuart Last and Mike Tobin will lead us to victory.. slight sniff of a incoming bid and these manipulators will be blown to smithereens.
This spat between certain shareholders has no bearing on the business and I am confident the share price will return to fair value sooner rather than later.. said our esteemed leader Stuart Last.