Anavio's short selling14 Mar 2024 07:56
So:
On 4th Jan, RNA said that there were 1,344,370,498 shares in issue.
By 12th January, Anavio had shorted.....sold.....49.3% of these, which they did not own: 662,774,655.
Then on 16th January, they received 1,312,232,633 shares in the financing deal.
They then closed the shorts with part of this issue, and by 16th Jan a TR1 said that Anavio owned 649,638,786 shares.
So there is it in black and white, legally required declarations. There is a slight discrepancy of 180,808 shares which I am sure is because the shorts figure of 49.3% is probably a rounded figure.
And on 12th January COPL announced it did not know of a reason for the share price movement.
So surely an official body can look at these figures? If the terms of the bond were 'no shorting', then what is the penalty for breaching the terms of the bonds? Especially as they had been doing it the whole time they owned the bonds? This must be great ammunition for our case?