Thanks for the polite reply, Used Moggie!
In answer to Your Questions:-
1. Directors most probably would Not know if a Nominee Company had Loaned Shares, (like the recent exposure of involvement of Superannuation Funds in this Short Selling Loaning practice), out to Short Sellers.
2. Directors should have a Stockbroker covering their Stocks, who will submit extra 'Dummy' Buying Orders below the Market Turnover Price to hold their Stocks Price against the 'Dummy' Selling Orders which Short Sellers use to push a Share Price down to a covering position for them,(the Short Sellers who would have Sold their borrowed Shares at a Higher Price)
P.S. 'Downramping', would also be another 'String to Bow' of a Short Seller.
No responsibility taken for any losses in association with this Posting.
Regards,
moly
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Open | High | Low | Value | Volume |
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1 | 210856 | 0.014 |
3 | 204633 | 0.013 |
1 | 76999 | 0.012 |
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Price($) | Vol. | No. |
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0.017 | 191215 | 3 |
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