and again naked shorting is not allowed so the fictitious volume argument doesn't hold in aus
"you can just borrow stock from a custodian or margin lender"... sure, sounds easy in theory. Except LOM is not approved by any of the current firms which allow direct short selling (i.e. not through CFD). Still, you need to pass authorisation and collateral requirements before you'll be allowed.
as for market manipulation by regal, wouldn't put it past them given what happened with clearview. There is a grey area in asic reporting requirements for short sales in that its only required when the seller relied on a securities lending arrangement for the unconditional right.
LOM Price at posting:
4.9¢ Sentiment: Sell Disclosure: Not Held
