entitlement forms, page-28

RRS shares can not be shorted as such. The seller/broker has withheld settlment. This can be done in a number of ways eg. withold relevant info like a HIN number etc. The penalty for not settling is $50 per day, so an unscrupulous seller could sell their FPO's on the last days before the end of the entitlement, withhold settlement, and theoretically keep the entitlement with only a $50 fine.

I hope this clarifies things. As I say, you would have to be pretty unscrupulous.