HAON. No. they are short of 5B for sure and unlikely to exceed that amount now.
Too close to action, IMO. Longs already took a big hit when they used so many shares to pay off debt (remember the 1s). So longs are UP from the lows as far as management is concerned and they really don't care if 3s show their face again. Doubtful they would stoop so low as to let it fall to 2s. The EOD pricing was a 3 as far as I am concerned.
There is still a good bit of retail interest in HAON. It could easily pop to 8 on good news but because there is so many who bought at lows, profit taking is assured. Just feel that there is not enough energy in buys to surpass the desire to sell off cheap shares to make an immediate profit short term.
I'd rather be wrong on the buying power or how awesome the news could be. Like every long here, trips are getting on my nerves.
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