Someone recently posted on Hotcopper that our goldies where being shorted. I have no idea why that should be happening across the board.
Adamus (ADU) just released a notice from Bank of America (Merril Lynch arm) that it had ceased to be a significant shareholder of ADU.
I was not even aware that they were a major shareholder.
BOA was involved in a borrowing some 27 million ADU shares (which is about 6% of ADU's issued shares). Why would they do that? Was it part of a shorting exercise and if so would this have been undertaken by BOA or some other party?
The relevant notice can be accessed from here:
http://www.asx.com.au/asxpdf/20110429/pdf/41ybpdh32g1ny5.pdf
What the heck is going on?
Can someone please enlighten me?
loki
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