ASX Short Positions.

Esq.111

Fascinatingly Intuitive.
Morning Chippers ,

Slightly off topic yet still relevant .

Great example of the skull foookery they engage in .

Not saying it is but this is one , of know doubt many underhanded ways to seriously mess with a companies security's & in turn shareholders capitol.

Worth a read. Taken from the smoldering orifice.


  1. dynofish
    3,176 Posts.
    1049
    17/10/23
    09:09
    Post #: 70380073
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    Last Friday I sent an Open letter raising my objection to the practice of Hancock purchasing its shareholding with the massive support from borrowed shares, thus avoiding purchasing exclusively "free float" shares. I have argued that the use of this practice has effectively shortchanged retail shareholders as the share price would otherwise have been higher. Conversely, Hancock would have been unlikely to be able to accumulate such a large volume of shares in that time frame as approximately 140m extra "non free float shares" were transacted (net change in aggregate shorts). I said such practices should be investigated as to whether they are appropriate during a takeover battle.
    Here is the letter and page 1 of the attachment


    From
    DF
    To
    Australian Securities and Investments Commission (Brisbane)
    Liontown Resources Ltd
    Honorable Dr Jim Chalmers (MP) Federal Treasurer
    Honorable Stephen Jones (MP) Assistant Treasurer and Minister for Financial Services Honorable Zoe Daniel (MP) Member for Goldstein
    Honorable Andrew Wilkie (MP) Member for Clark
    Senator Andrew Bragg
    Senator Jacqui Lambie
    Senator Barbara Pocock
    Senator David Pocock

    OPEN LETTER

    Lack of proper market operation during Liontown Resources Limited Takeover Battle

    I am writing this Open Letter to seek regulatory change and lodge my objection to the contrived market for the shares in Liontown Resources Ltd(Liontown) that has permitted the assembly of an almost 20% stake in the company by Hancock Prospecting Pty Ltd(Hancock) without the operation of a proper open market.

    Liontown is an ASX 100 public company that is developing a globally significant lithium mining project in Western Australia which is rapidly approaching production. Liontown is currently under threat of takeover by at least 2 parties, Albemarle Corp (ALB), a NY Stock Exchange listed American company, as well as Hancock, owned principally by Australia’s wealthiest person, Ms Gina Rinehart. ALB is the world’s largest producer of lithium chemicals, a critical metal in the transition to an electrified global economy to counter climate change.

    Liontown announced on 4 September 2023 that it was contemplating recommending a proposal made by ALB, of its intention to acquire all of the shares in Liontown via a Scheme of Arrangement (SoA). In the period since that announcement Hancock has acquired approximately 300 million Liontown shares “on market” representing around 15% of shares on issue (total including previous undisclosed holdings 19.99%). Hancock has surprisingly managed to do this while keeping its purchase prices at or under $3.00 per share. Maintenance of the price within a tight band has only been possible through the operation of organisations that have borrowed many shares on terms that permit them to then be on-sold while then delaying their repurchase and return over a much longer period.

    My concerns, and indeed those of many other shareholders with whom I am in contact, surround two main issues:
    • 1. The operation of the rules surrounding the borrowing of shares from lenders and the consequent selling of those shares during the takeover process, and;
    • 2. The impact that has upon conventional free market operation of share trading and the “value” of shares in the company.

    I contend that these combined elements have led to the sidelining of proper market forces that would otherwise have led to a likely material increase in Liontown share price. In the process, Hancock has avoided the need to purchase significant numbers of “free float” shares. Furthermore, they contributed significantly to the ability of Hancock to secure its current holding of 19.9% of Liontown shares which may otherwise not have been possible in the timeframe (at the price paid).

    The loose regulation and availability of borrowing and short selling during a takeover has led to a contrived market in Liontown shares and deprived other shareholders, especially retail shareholders! Effectively, by Hancock being able to purchase borrowed shares, the takeover process for a clearly very desirable company has so far not operated to the benefit of shareholders, but rather to predators.

    The use of borrowed shares sold to Hancock allows large volumes of shares to be contracted now through an intermediary and through the loan process, their repayment then to be extended over a subsequent longer period when trading activity is less and therefore more advantageous to acquirers. These sophisticated financial arrangements work against a free market and to the clear disadvantage of retail shareholders who might otherwise have been able to transact their shares at a materially higher market price.

    Attached to this letter is a table prepared from publicly available data extracted from the ASX trading information, ASIC announcements about reported short sales of Liontown Shares, and the actual share purchases over a period of time by Hancock. Of special significance are those purchases by Hancock that have occurred since the public disclosure of the ALB SoA proposal by Liontown on 4th September 2023.

    It can be seen that over weeks since 4 September 2023, the borrowed and “short sold” shares in Liontown totalling 261,422,686 compare to the Hancock acquired shares of 292,106,280. The aggregated (net) short sales have increased over the period in question by approximately 140m shares, although at time of writing final figures were unavailable. Without the provision of a ready supply in the market of borrowed shares for which repayment can be deferred for an extended period, Hancock could not have accumulated the holding they have! Conversely, had they bought those shares on market in the absence of such supply, the average price to acquire such a stake would indeed have been significantly above $3.00 per share and shareholders would have had an opportunity to sell their own shares at a higher price. The company’s true value is/was not reflected in the trading price. This is NOT a free market, nor is it efficient! It is contrived by powerful financing arrangements available to the few, to the disadvantage of the many other shareholders.

    Further, Hancock has now acquired an apparent “blocking stake” against its rival ALB, while maintaining the share price at or below the ALB SoA price representing its “best and final” offer. The Hancock stake achieved could, subject to legal issues being acceptable, be used to secure an advantageous arrangement under an as yet unknown secondary process either pre or post takeover by ALB which may well also disadvantage other Liontown shareholders. It is not known at this stage what Hancock’s intentions are, but it appears from their publicly disclosed commentary that they

    I could write pages on how wrong it is to allow market forces to be circumvented, but I put it to you that this matter has materially harmed tens of thousands of Liontown shareholders while advantaging Australia’s wealthiest person.

    The loose regulation of such activities as I have outlined above and demonstrated in the table attached, are not appropriate for a country that encourages investment by everyday Australians. Rather, the rules and administration of sophisticated financial instruments provide a means to disadvantage ordinary retail shareholders in the very circumstances (takeover) where they have shouldered large risks during the development phase of Liontown, only to have their just returns diminished by large corporations.

    In closing I would like you to know that I have been a modest share market investor for around 40 years. I spent my nearly 35 year work career in banking including at executive management level. I have observed corporate activity and understand the processes. I support an open market with appropriate regulation that ensures fairness and rewards diligence and intelligent investing. I just want a level playing field, and I ask you to please exert your influence to have the matters I have raised investigated by the ASIC and ultimately to have such activities curtailed, especially during takeover battles.

    Yours faithfully
    DF
    Brighton, Victoria

    https://hotcrapper.com.au/attachments/image-jpeg.5667395/?temp_hash=cade4e35f617a6c84d4f5b3517d30fb2
    LTR Price at posting: $2.79 Sentiment: Buy Disclosure: Held
    49 Upvote
    30Great analysis
    Report Reply

Regards,
Esq.
 
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Steadily climbing and above 70 million, so wouldn’t the next few days be great if we were to be announced with so many dots joins at CES 2024

1704760265593.gif
 
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buena suerte :-)

BOB Bank of Brainchip
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Short interest is getting close to 80 million from a low off around 60 million which has managed to reduce the SP from 0.24 to 0.16, how low could we go if we end up at 100 million or even 120 million like before 😢
 
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Mugen74

Regular
Years ago on a site that shall not be named I remember someone posting about the big end of town claiming they would drive BRN back down to 5cents to get their fill and fuck over retail SHs
Didnt think it was possible myself but low and behold here we are back at 15c again!So yeah no manipulation going on here! Fuck ASIC!
 
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robsmark

Regular
Years ago on a site that shall not be named I remember someone posting about the big end of town claiming they would drive BRN back down to 5cents to get their fill and fuck over retail SHs
Didnt think it was possible myself but lo and behold here we are back at 15c again!So yeah no manipulation going on here! Fuck ASIC!
It may be getting manipulated, but that wouldn’t be the case if the company was performing. If we had new customers, contracts, revenue, etc., the short sellers likely wouldn’t be interested. We can blame others all we want but this is ultimately the companies doing.
 
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1708721282513.gif


As you still got 70 million shares to cover


1708721429966.gif
 
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Esq.111

Fascinatingly Intuitive.
Afternoon Chippers ,

May be of intrest to some... keep an eye on what the inbred folk are up to.

Yesterday , 1, 922,434 shorts taken out.

And the numbers from the last few days.


Regards,
Esq.
 

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Afternoon Chippers ,

May be of intrest to some... keep an eye on what the inbred folk are up to.

Yesterday , 1, 922,434 shorts taken out.

And the numbers from the last few days.


Regards,
Esq.
Looks like they are still at it today especiallt more after the agm, but got a few spare $$ next week but might wait and hope it falls below 0.20
 
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Afternoon Chippers ,

May be of intrest to some... keep an eye on what the inbred folk are up to.

Yesterday , 1, 922,434 shorts taken out.

And the numbers from the last few days.


Regards,
Esq.
Hey Esq, my gut feeling is that there is an air of desperation in their current actions.

The AGM turned out to be really good and I'm sure there was a collective sigh of relief, from shareholders, that no board spill or Company disruption occurred.
The LDA raise, has most probably been completed recently, so there are no current headwinds.

The air is clear, for a good Company announcement and any that are forthcoming, could land manipulators in a hot environment.

Yes, there are various entities playing all angles, but some will fare better "on top" of others.

I think the share price will trend sideways to up (up, due to the 2 upcoming Edge product events, increasing investor interest).

Of course, any deal announcement and we are sharply up and it's a case of "catch me if you can" for manipulators.
 
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Esq.111

Fascinatingly Intuitive.
Evening DingoBorat ,

I'd have to agree , though I have been mistaken in the past.

Something has to give at some point ... and not just the shareholders.

Esq.
 
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Kachoo

Regular
Evening DingoBorat ,

I'd have to agree , though I have been mistaken in the past.

Something has to give at some point ... and not just the shareholders.

Esq.
The shorts taken likely was to cap the run and take steam out of it.

Based on the language I see from Sean and Antonio I sense that news really is imminent what size does not matter I just would love to see progress and get confidence in the comercial side.

The did speak about clients moving time lines out of their control. They have some confidence IMO
 
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The shorts taken likely was to cap the run and take steam out of it.

Based on the language I see from Sean and Antonio I sense that news really is imminent what size does not matter I just would love to see progress and get confidence in the comercial side.

The did speak about clients moving time lines out of their control. They have some confidence IMO
There is plenty of confidence their end.

Reading what Dr Tony was saying in the presentation, was eye widening stuff..


We've been waiting so long for a big deal to drop, that it does feel like a "fantasy" sometimes..

But I think it reality, it's "inevitable".

You only need to go over everything in your head, that is happening in this space and with this Company, to know that.

But when, when, when?
Maybe tomorrow? 🤔...
 
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Kachoo

Regular
There is plenty of confidence their end.

Reading what Dr Tony was saying in the presentation, was eye widening stuff..


We've been waiting so long for a big deal to drop, that it does feel like a "fantasy" sometimes..

But I think it reality, it's "inevitable".

You only need to go over everything in your head, that is happening in this space and with this Company, to know that.

But when, when, when?
Maybe tomorrow? 🤔...
I most definitely view a deal and revenue sooner then later a start in this quarter. IMO

Why well its simple we have 20 million in cash USD around there that 12 months or so of revenue.

We have further availability of CR which we obviously need in case but if there was going to be zero revenue in Q2 and Q3 nothing absolutely nothing no deals our sp will be punished and we would need to do a CR back in the teens again that's bigger dilution.

I even if we say hit some reasonable numbers I. The next 2 quarters our SP will be North otmf these prices and dilution would be less even if a deal cam like Antonio said an over night deal like 40 million annually I'd still take up the 50 million at say the 2 dollar mark that's 25 million shares its good business to have cash.
 
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The shorts taken likely was to cap the run and take steam out of it.

Based on the language I see from Sean and Antonio I sense that news really is imminent what size does not matter I just would love to see progress and get confidence in the comercial side.

The did speak about clients moving time lines out of their control. They have some confidence IMO
Well the shorters don’t think so and probably close to 80 mill now
 

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Esq.111

Fascinatingly Intuitive.
Wow.. some tosser took out 6,240,497 shorts yesterday , 22 Aug.

Would explain the games today.
 
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Wow.. some tosser took out 6,240,497 shorts yesterday , 22 Aug.

Would explain the games today.
If they think there's going to be a strong move on sentiment, they can put them on the sell side too..

But it needs to be moving stronger, than it is now.

Using them to push down "now" seems like a big gamble to me..
More risk than potential reward.
 
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buena suerte :-)

BOB Bank of Brainchip
Share plan results!!

1724387056282.png
 
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Esq.111

Fascinatingly Intuitive.
Some tosser took a punt yesterday ,

Daily Gross Short Sales reported for 10-Oct-2024, ASX Limited (ASX) & Cboe Australia (CXA)

No responsibility is accepted for any inaccuracies contained in the matter published.
Securities that have had no short sales actively reported for the date shown are excluded from this report.

ASX Company Name Product/ Reported Gross Issued % of issued capital
Code Class Short Sales (a) Capital (b) reported as short
ASX + CXA sold (a)/(b)

BRN BRAINCHIP HOLDINGS LTD FPO 8,069,538 1,962,467,976 .41
 
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Esq.111

Fascinatingly Intuitive.
Chippers ,

What the inbreds are up to ,


shortsell.txt - ASX


Australian Securities Exchange
https://www.asx.com.au › data › shortsell




Securities that have had no short sales actively reported for the date shown are excluded from this report. ASX Company Name Product/ Reported Gross Issued % of ...

Daily Gross Short Sales reported for 06-Nov-2024, ASX Limited (ASX) & Cboe Australia (CXA)

No responsibility is accepted for any inaccuracies contained in the matter published.
Securities that have had no short sales actively reported for the date shown are excluded from this report.

ASX Company Name Product/ Reported Gross Issued % of issued capital
Code Class Short Sales (a) Capital (b) reported as short
ASX + CXA sold (a)/(b)
BRN BRAINCHIP HOLDINGS LTD FPO 5,458,149 1,972,467,976 .27




ShortMan - The top shorted stocks on the ASX​


ShortMan
https://www.shortman.com.au





This data is sourced from ASIC, and is the aggregate short positions for each stock. The higher the percentage, the more of that stock is shorted. It is ...



From, ShortMan , website.

77BRNBRAINCHIP LTD ORDINARY2.99%0.05
1 month | 3 months | 12 months | 3 years

Current position
1st November, 2024*2.99%
Change
1 day-0.01
1 week0.05
1 month0.45
Stock information
ASXBRN
YahooBRN
*ASIC data delayed by 4 trading days (T+4)

Stock stats
new.png
ShortMan's seasonality graphs

Most Recent Short Sales​

Data graphed above represents aggregate short sales, provided by ASIC with a lag of 4 trading days (T+4). The ASX releases non-aggregated daily short sales figures which can be used as an indication of short sales activity within this 4 day window. These figures are released by the ASX daily and cover the previous days activity and can be found here



Regards ,
Esq.
 

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