RE: GGPSP29 Nov 2021 10:47
“Originally were looking to raise around $10m but wanted to give an opportunity to retail holders to participate, so opened up to Primary Bid, also had retail focused SI Capital join in and some other retail brokers contacted us and put in bids?“
It wouldn’t surprise me if the 15 million short was one of the retail brokers, looking for a way out.
We know long term shareholders were keeping hold of their shares and the shorters were finding it difficult to close large short positions. Hence, Shaun has given them a way out. Was it planned or just a lucky consequence of the placing. Who knows, but I think it has helped to clear a blockage in the sp, so nice one Shaun.