Shorters hate transparency, which is why the hedgehogs delayed and whined that they could not comply until ASIC cut a deal with them to delay short reporting by 4 days compared to the prior ASX's short report delay of only a day.
And ASIC makes it clear that they cannot force participants to comply with short reporting disclosure rules anyway! lol. Which is why I also use other ASX reports.
Nevertheless, if ASIC staff are too busy monitoring their entitlements packages, someone still has to give the shorters a hard time by exposing their games.
The long side of the market is 100% clear. Everyone knows how many shares and options are on issue. But the short side is obfuscated as much as possible to provide cover for price manipulation attempts.
As for the rampant insider trading. Nothing we can do about that. ASIC is the only entity that can take action, and I have lodged numerous complaints on clear cut cases on multiple companies and have never had any kind of action taken by ASIC. Jokers.
BTA Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
