Could have been two methods of profiteering from the insto's
Double whammy scam for the retailers :
1/Insto's take a short position - (Borrow shares you don't own) selling at a higher price eg .055
& closing out position at lower level eg .029 & pocketing the difference.
( I doubt retailers can do this but brokers may be able to as I saw XPE on the short sell
list )
http://www.asx.com.au/data/shortsell.txt ( XPE at bottom of list )
2/Once price has been pushed to the desired low price (say .029) hand break is
let off and insto's make a packet on the ride back up carried by the retailers.
Sounds shocking but I would not be the least surprised
knowing how their greedy brains work ...
Could have been two methods of profiteering from the insto's...
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