BRN 0.00% 20.0¢ brainchip holdings ltd

Ann: BRN - Response to ASX Aware Query, page-137

  1. 9,778 Posts.
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    The activity of shorting is lawful. Thus those who short are afforded all the normal rights to privacy that we all enjoy so if they act properly and remain within the law exposing who they are would be very difficult.

    The Australian law provides that you can engage in a criminal conspiracy if you agree to do something which is lawful (in this case lawful shorting) by unlawful means.

    Thus if a group of people take a short position but agree to enhance there opportunity to profit by unlawful means such as manipulating the market then they take themselves outside the law and the protections it offers.

    So in circumstances where you have evidence of deliberate posting of fabricated information on social media that could manipulate the share price a report to ASIC could see the person or persons exposed and their short position discovered.

    At the end of the day it will be the regulator who will have the power to expose those who engage in the legal act of shorting by unlawful means.

    My opinion only DYOR
    FF

    AKIDA BALLISTA
 
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