Ann: Becoming a substantial holder, page-9

Trying to understand this a little more myself. Like you mentioned in the other thread, shorting might not always win or make a profit. Doing some googling on the subject, there are a few possible reasons, but it seems to come down to the usual 'two sides to a trade', where one side is betting the SP will rise and the other, fall. From the ann, they've borrowed several times sine Apr/May, accumulating up to 8 mil odd shares, noting the first lot were returned.

If 'bad news' was on it's way, I don't see how they can dump that many shares quickly if this was going to be a quick play on the 'bad news coming' theory, but could 'good news' be another scenario? Say we get the news we're all waiting for, price jumps, then the borrower plays the short over time (sells high, buys back lower, returns shares). So bottom line is they'd be playing the volatility and not necessarily doom and gloom. Otherwise pretty much NFI.