Ann: Nanosonics Business Update, page-11

Originally got in this at 50c range out at $4.5 missed the run to $8 but thought $4 was a pretty safe re entry given debt free,millions in the bank and now a well established international brand! Out as a 18% loss is my trigger ,worse still is that my own super fund seems to be a big player in actively lending it's stock out to feed the shorts! Industry super funds have got a bit to answer for destroying aussie companies .. The shorting in NAN is just relentless ,-60% return this year ? half of its 52 week high and at just over $1b M/C this is under many non producing junior miners and now at risk of falling out of the ASX200 altogether. At 12% short in the register it has got to the point where management need to do something proactive ,toughen up here and stand up to plate in either addressing it ,leaning on some of the big holders who are lending the stock out , instigating a buy back or doing something! Good luck to holders hopefully a good report at end of Aug can shoot the lights out and burn them otherwise this will be in serious trouble imo.