Ann: Change of Director's Interest Notice, page-33

Seems obvious from the posting above, Citicorp are one of the culprits lending out shares to short sellers. Sending a strong message that he is now focused on remedying the damage done to the share price. The short sellers are a powerful group of analysts and investors with tentacles far reaching to uncover information and to support their positions through media outlets. IMO HotCopper would receive more sponsorship from short sellers than retail members and individual ASX listed member Companies combined. How do they balance their bias in that instance. This group is that well funded and supported by the institutions loaning them the shares that they are prepared and planned to absorb a blowout of up to $200M as we saw recently when the share price unexpectedly blew out from $7 to $9.

Taking on IG and his affiliates however would be a scary not to mention risky business for them. Watch this space, I think you guys are on to something. IG does not strike me as an emotional individual tho, quite the opposite, he is calculated, focused and business savvy. He has a plan to get the share price higher, unfortunately for many here the only foreseeable reason for him doing so is to undertake an equity raise of $600M or more as a plan B to a failed consortium bid. Some on here may remember that I was very much in support of an equity raise of 100M shares at $10. So to me this is a move like Vladimirov's Thunderbolt. Issue is, are the fundamentals of ASM as strong as we believe they are. If they are, watch out this could be beautiful.