ya global equity facility, page-11

It seems to be part and parcel of share trading these days. If you have access to the funds it appears any institution is willing to lend you shares for a fee and do what you will as long as shares are returned by the due date. Now with large companies eg. ANZ , BHP etc. This short selling is pure speculation and high risk. However when a mid-cap or small cap is short sold ther is usually a motive behind it because as a professional trader the volume and liquidity of these stocks is very risky. In the case of ISF if a trader short sold but also entered into an agreement with the board on a side equity deal based on a discount one would suspect there is something else happening. Why would a company with reasonable access to capital bother with a small equity deal? This is all conjecture of course until outcomes are known. However the normal logic seems to be missing.