RE: something to get your head around28 Mar 2020 12:05
If these are someone’s shorts then at some point the seller/s needs to buy back up to 7mil shares to give back.... At the moment there is a big spread and because the shares are been bought, The MMS are not sitting on many shares. If this is correct, then the Share Price will rocket if someone attempts to buy 7 m shares.
On Thursday when the seller sold for 1.26P I just wonder if that was an attempt to keep the SP down at that price (1.26 ) and hoping that there was not a flood of buyers that we had after the sell, I think 50K of buys on Thursday.....
In summery at some point all these shares need to be bought back to close the short position... thus raising the share price.