short sales report vil, page-83

Yes, the link you provide to CQT is about the Opes Prime disaster. ANZ used clients shareswithout their consent for shorting purposes. The shorts forced Opes into margin calls, which brought the company down. ANZ then sold the shares which were used as security for the loans, leaving clients in debt with no shares.

In all the cases the shorting was just a mechanism used to lower the sp. The real issue was margin lending.

Att ALL VIL holders: First thing Tuesday morning ring your broker and ask them if they engage in 'security lending/shorting' without your consent. If they do, then transfer your shares to a broker that doesnt.

Alternatively place a VIL sell at 20c(if your platform allows), that will prevent your shares being leant out as they are already commited to a sale.

cheers