General comments/chat, page-27440

Hi Lofty,

thanks for the input.

Obviously there were a few instos involved in lending out their shares.

It's one thing to take a punt on a company's share price declining due to a diminishing market share, economic downturns etc and targeting an "overvalued" company and intentionally driving the price into the dirt. As for overvalued, is not the stock market supposed to be forward looking or is that just a ploy for the pump and dump merchants?

Regardless, ADN are on the verge of creating a large and profitable mostly export industry. For all companies in that situation a strong share price is an asset and these companies deserve to be supported in their endeavours.

The road from explorer to miner/producer is littered with failures: it's hard enough as it is. Should the share price be driven down to a level which basically destroyed ADN's chances of success, I can just see all the shorters running around patting themselves on the back saying "well done boys, we made a killing on that one!!'. And another potentially viable business bites the dust.

My preference would be to have secret secret world of Short Selling banned completely, but that would never happen.

An alternative would be to have short selling restricted to ASX 200 companies.

At least they're big enough to fight back.

Cheers.