RE: Please13 Dec 2023 19:13
This post from Boffin last week may well clarify the Helikon position .... When will Helicons broker Trigger the margin account on AFC shares? Normally there is a requirement for a margin account held by a broker who lent the shares to have a value 50% greater than the cost of the shares borrowed from them for short selling. This is to ensure there is always enough cash to repurchase the shares.in the case that the short seller cannot cover the loss. In this case this would be at about 18p per share. However the broker usually starts to call the deal in at a lower price point because buying , in this instance 16.5 million shares, is almost certain to drive the price even higher than the 16.5p that AFC is trading at and could easily pass 18p. A very uncomfortable wedgie! .... Boffin post from last Thursday.