Shorters going hard in the US on this again at $1. Company says 'all is well' but the shorters have never been wrong about upcoming bad news known only to those 'in the know'.
A bigger question is where all the ADR stock comes from for shorting. I know a few large holders, none of whom have given authorisation for BNY Mellon or anyone else like the Chinese platform MooMoo to lend out their stock and take a profit from renting out stock they do not own.
I suspect a securities fraud here and the SEC ought to investigate the US trading. ASIC/ASX already said: "Meh, don't care" despite it being a so called 'Australian company'.
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