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clock Created with Sketch. 07/12/16
13:28
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Originally posted by SA1588
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John, Good summary of the risks. I throw the following into the mix:holders of 54m $1.28 warrants are locking in profit now and utilising resultant funds elsewhere until they need to exercise their warrants in 2018 ". Subsequent to discussion of this theory I read that TFC has bought back all of these warrants and refinanced them at lower rates and extended maturity to 2023. So I am wondering if the short sellers are operating as Lies and Dam Lies explained several months ago: They sell short above $1.60 and buy back below $1.40. Problem is the proportion of capital short sold as recorded on shortman.com.au does not support this explanation.
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Re: MIS establishment fees, as far as I can remember, the fees had sweetheart rates, to get key investors in. That has ended. MIS establishment fees are going up again next year. They have proven the concept. Now they clip the ticket that little bit more on the way through
