https://www.afr.com/street-talk/deut...0180618-h11ja0
Summary:
No doubt the short seller will put a bid in, lol.
Gee, is it actually gonna full completely? Why would any overseas investors buy in now that it's not getting a NASDAQ listing? Looking at PPH on Hotcopper you can tell it's not a very popular stock over there, so therefore there can't be many Aussie investors interested. Where is this $100m gonna come from in less than 2 days? Don't make me laugh and say NZ.
How much will Deutsche Craigs get out of this, 5% commission, 8%? What are they gonna do if they have heaps left over, lend them all out to more short sellers?
Look at ASX:AVZ the other week, the director sold a large chunk and the stock got sold off heavily. Do Deutsche Craigs even now what they're doing? How can this even trade above $4 when it re-opens?
It all just seems so orchestrated. The stock gets shorted, Deutsche Craigs gets a fat commission, the co founder bails with $millions, an investor presentation is released saying everything is fine but the one good news (USA listing) everyone here is waiting for is now not happening.
Just lol to be honest. Maybe it will do an Afterpay (ASX:APT) and keep going up but my feeling is that anybody who bought this in the last 6 months is gonna get walloped when this reopen.