Member Info for chasf

I was assuming cash equivalent of still about £25m which was probably optimistic, but even that gives just over 2.5 cash as the current mcap (ignoring all the warrants), which might be ok, most things on AIM are over-valued until they're bust, and then they're still over-valued! EVRH has enough cash to go for a while yet, so that part's ok.

That 2 directors cashed out so much was a bad signal, and as I said before that helped draw the short attention.
In total it was too big as a percentage. Indeed, it doesn't happen that often (usually they take up some) and it was the biggest I can recall.

Shorting bots are tedious but often predictable, since they are little machines.

They did much the same thing a week or two ago (I've lost track).

I'd picked a price for Friday for a limit order but it looks as though it might fire today.

Not really: placings are invariably forward-sold (except for the hapless retail) so they were out of it at a premium once the placing was announced.

I wonder what OM's price target is. I'd assumed it would be a function of cash. 2x cash, 3x cash? 1.5x cash? How low could they get?

Placings are nearly always forward-sold, so I'd have thought most of those would be long gone.

can buy 10k but not 20

can sell but not buy on IG, which is fairly rare.

Hmm. 3-post Burty.

If they can get the number of users up, even if revenue lags, it should move along, given they've got a reasonable set of deals.

Directors selling a fair chunk each at peaks with mcap high on sentiment will be one of the things that drew OM's interest.

Wouldn't make any difference: it's an institutional short doing this, not sentiment change.

Wait until they hit the next batch of obvious stops.

They're so aggressive today, given that they first declared on 9 Aug, I wonder if they're making a last push before closing.

There should be an impressive spike up when they do close. My L2 doesn't show the MMs on bid/ask. Just out of interest, who are they?

I'm afraid I'm currently supposing 4 or 5 as a target, given they're doing 4% or more a day, and they need millions of shares to close.

They increased the short position less than a month ago, so it's possible there's a time limit (eg, T+20). Institutional shorts on AIM are rather nasty. QPP was a miserable time, although that didn't have MMs as a buffer.

It seems reasonably certain it's being forced down for Old Mutual's benefit, to enforce their short, which is easy enough for them with low volume. Question is what target price they've picked to close. Given they're doing 4% a day, I suspect it's based on an mcap that's a small multiple of the cash value.