Thanks all the same. I do understand the reasons behind it.
By the way, yesterday there were another 20.61% of the total sales shorted.
AOE ARROW ENERGY LIMITED FPO 1,326,906 273,506 20.61%
Now you will be able to see as to why someone "borrowed" the shares from NAB. And that is, to keep the sp down as much as possible.
I know that NAB is making money by lending out the shares for someone to short them, but as to why they are doing it, while they know that their nominees are suffering as a result, it is totally beyond me.
Someone is trying very hard to shake the tree, so all we have to do is to sit tight and wait for the end result. After all, the offer has been made and the sp has been set in concrete.
With that in mind we have got nothing to loose, but possibly plenty to gain.
Good luck,
Buddy
AOE Price at posting:
$5.20 Sentiment: Hold Disclosure: Held
