True it is that both ASX and ASIC have not policed existing short selling regulation...and have now over reacted with blanket banning. Chris Gosselin of Australian Fund and InfoChoice has balanced and worthwhile insight on all of this - one of the few imo.
and imo the timing of 'reforms' are not relevant to MFS/OCV. The SP collapsed following revelation of additional debt, funny assets and sudden capital raising.
When King turned up at Valhalla and was outed calling hmself 'Octaviar' - and then said his real name is 'Christodoulous, noble warrior from Elysian Fields who died in combat at the hands of the hedgie-wedgies and short-sellers' - that tilt at being one of the chosen dead was flatly rejected by Odin - and rightly so.
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short selling reforms too late for mfs and ocv, page-27
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