PMT explicitly states that it had to go into a halt and respond to the short report under the guidelines set out in ASIC information sheet 255.
it’s clear that PMT had to halt and make a statement in order to prevent price distortion in the market.
ASIC infornation sheet 255 clearly states the following:
:”… activist short sellers can also unduly distort the tprice of a target entity's securities. For example, by making false or misleading statements, providing an incomplete view of the facts, drawing conclusions unsupported by adequate evidence or by using overly emotive or inflammatory language to distort the facts ('short and distort' campaigns).”
(I could not have summed up the contents of the NMR “short and distort” report better myself).
PMT Price at posting:
$1.64 Sentiment: Hold Disclosure: Held
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