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Ann: BRN - Response to ASX Aware Query, page-139

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Mdiddy

1,840 Posts.

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24/10/21

10:18

Post #: 57026726
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Originally posted by Fact Finder: ↑

The activity of shorting is lawful. Thus those who short are afforded all the normal rights to privacy that we all enjoy so if they act properly and remain within the law exposing who they are would be very difficult.

The Australian law provides that you can engage in a criminal conspiracy if you agree to do something which is lawful (in this case lawful shorting) by unlawful means.

Thus if a group of people take a short position but agree to enhance there opportunity to profit by unlawful means such as manipulating the market then they take themselves outside the law and the protections it offers.

So in circumstances where you have evidence of deliberate posting of fabricated information on social media that could manipulate the share price a report to ASIC could see the person or persons exposed and their short position discovered.

At the end of the day it will be the regulator who will have the power to expose those who engage in the legal act of shorting by unlawful means.

My opinion only DYOR
FF

AKIDA BALLISTA

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a lawyer who doesn’t know the difference between there their and they’re… becoming less and less credible everyday…

BRN Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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Last 25.0¢		Change -0.025(9.09%)		Mkt cap ! $510.2M

Open	High	Low	Value	Volume
26.0¢	27.0¢	24.5¢	$3.480M	13.52M

Buyers (Bids)

No.	Vol.	Price($)
54	1859120	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	1143785	35

View Market Depth

No.	Vol.	Price($)
49	1764681	0.245
62	1864512	0.240
30	573878	0.235
42	1037621	0.230
14	1049033	0.225

Price($)	Vol.	No.
0.250	1013823	31
0.255	1434311	25
0.260	891838	17
0.265	572000	11
0.270	642781	13

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