I mentioned it before but if you want to destroy the shorting industry in Australia go to Shine Lawyers and propose a class action lawsuit on behalf of all superannuation members that have had their shares rehypothecated for the purpose of securities lending without having the fees remitted to their accounts.
Securities lending revenues are soft-dollared to offset the cost of overall fund admin which is IMHO not in the beneficial owner's interest.
Super funds would have no way of getting the data that they'd need to split the sec lending revenues correctly over the member's accounts so they'd be forced to shut down their securities lending programmes which with 40% of the ASX being owned by superfund members would mean a big blow to the JP Morgans of the world that are currently using my super fund shares to short MSB.
MSB Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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