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It’s Complicated, page-8

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    See today's ASX release: http://www.asx.com.au/asxpdf/20171006/pdf/43n00v0nnx7frp.pdf

    The placement & the "funding arrangement" can be thought of as two different components. (Although, of course, they would've been negotiated at the same time)

    $2.05 m comes in as a placement, then $1.6m goes out as a fee for entering into the "funding arrangement". It's possibly the most expensive form of financing I've seen. It comes across almost as a payday loan.

    As for shorting, the publicly available info is: https://www.shortman.com.au/stock?q=hav

    Not a complete picture, but it's all we've got to go on.
 
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