If I recall correctly, Ken Scarince stated that LDA cannot short or lend out shares.
That said, they are loan sharks. The alternative is a capital raise where we give shares to the Instos' at what, a 30% discount!!
Under the LDA model the Institutional investors have to buy on market along with retail investors and purchase at market prices.
I agree with with what you are saying FJ, but will also add that every time a draw down happens with the LDA deal, this same conversation has fired up, LDA are getting less than a 10% discount,
"91.5% of the higher of the VWAP of shares of the pricing period"
The timing right now might seem counter intuitive, but Ken Scarince has timed these LDA Capital Call Notices to a nicety in the past, and as has been speculated here already by some posters, the timing would seem to indicate that there is some kind of price sensitive news lurking behind the curtain presently.
So I really don't think anyone in the mngmt at BRN, want to see their shareholdings diluted anymore than anyone on here does, so it would appear highly likely that something is coming very soon, because the end date for the exercise of the Put option
"is anticipated in late March or early April".
With regard to Rob Telson he has obviously been applied diligently and doing a very good job expanding the eco-system, which has kind of exploded lately. On the podcasts some have been significantly better than others, however IMO Rob is a player, and if you are in sales and promotion you will not get anywhere if you can't let yourself play. Sales requires courage and conviction (it also helps a lot if you've got a decent product to work with), but the super hero thing encourages the people Rob is engaging with to be playful, it can come across as a bit flaky - but I like Rob's modus operandi there - if I am correct Rob is about taking the opportunity to be building good relationships anywhere he can - and that is definitely about being able to have fun.
A lot has happened since Rob came on board, and now more since Sean was appointed, having said all that, I've gotta say that I am a show me the money kind of guy, so if my above speculation re coming share price sensitive news is accurate - it can't come soon enough for me. My view of global markets going forward is somewhat less enthusiastic than some views posted here, so I definitely want to see our SP well above where it languishes right now.
Having said that I am not expecting a crash next week, but I have doubts about where the market will be - well within 5 years, but I could be wrong on that, and no-one would be happier than me if that was the case.
I will be blown away if everything on that screen shot and the list of partners come to fruition 🫠🫠🫠
