something to ponder, page-8

they dont short it, they borrow off a shareholder and sell it on market. Only trouble is, when the holder wants to sell he cant settle before the borrower has given him his stock back. The fail fees for non settlement are 0.1% of the value per day, which if the market is losing 5% a day is nothing. As a result, the borrowers dont settle and then the stock just siezes up till they do. It's outrageous. I have had some stock of mine (in another company) which is lodged as security lent out and I sold 2 weeks ago and they still have'nt settled.....