RE: Excellent rns18 Feb 2020 19:36
To your second point ‘how could it happen’ it’s not that shocking that it’s happened as such. As another poster just pointed out they are in margin, it’s all perfectly legal. What is ‘shocking’ is the scale of the sales that we’re required to meet his liability. And secondly (ps on phone would type more but it’s a pain so being brief) , you have to assume it’s a case of the problem was a self fulfilling prophecy, as they crashed the share price to meet the margin call they pushed the shares even lower meaning even more needed selling. An incredibly vicious circle.