There are ways to borrow stock and not have to declare that it is a short. Any stock can be lent out. If you have borrowed a line of stock and you then sell it through CommSec or any online broker, then who do you tell? The register of shorting shares is never correct as if they declare a short to a broker and buy it back through another broker, then the buying broker just takes a buy order, not a cancelling order. With a market cap of A$55m, there will be a lot of lines shares out there to borrow. If you are a holder of any shares, you can lend them to another company or trader. They register them and sell them. The lender then awaits their return. No CGT event, even if held pre 1985.
IWG Price at posting:
8.8¢ Sentiment: None Disclosure: Not Held
