Just to add some spice into the mix...
Evolve is getting shorted---of late only...
https://www.shortman.com.au/stock?q=evo
No wonder when UBS is involved then shorting becomes inevitable...(they lend shares right?)
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Just to add some spice into the mix...
Evolve is getting shorted---of late only...
https://www.shortman.com.au/stock?q=evo
No wonder when UBS is involved then shorting becomes inevitable...(they lend shares right?)
I agree the two aussie investor directors have made a huge difference to EVO replacing the previous driftwood that destroyed shareholders funds.
Loaded up at near bottom and took my full entitlement ..................so well positioned and not surprised with SP movement.
Evo.asx has 1.37M shares available @14.5c tomorrow morning only peanuts after that
And on it goes like mid 45c roughly adjusted so well double price before issue - very odd situation.
They made the entitlement (rights) non-tradeable and non-transferable. For a few weeks retail shareholders have a somewhat decreased original holding value and an entitlement that is now has a value approximately double the value of the remaining listed share holding.
Shareholders receiving the entitlement need to either cough up quite a bit of cash or hope that the retail book-build occurs at a good price. Who know's what will happen in the book build because the institutional one had a poor clearing price and those institutions that passed must be kicking themselves just a little bit now.