what about the 80M shares issued at 2.5c CR??
the 20M+ shorts from 4c+ 2 weeks ago now in decent profit and looking to cover?
where do they buy it from? not too difficult with these cr shares lying around in this market condition i'd think.
nice returns playing long and short - i.e. buy a bunch of stock, lend it out for shorts for interest, then buy back lower when everyone wants to fold?
or maybe the short reports (from the ASX) were wrong,
maybe it was just being dumped for whatever reason..
if the CR stocks are being dumped i'd think the selling won't stop till it gets to their cost base
POW Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held