General comments/chat, page-19939

You never know, maybe some conscientious pollies might push it!!

Shorting was traditionally a punt based upon ones assessment of a company's viability under declining economic conditions, failing markets or even inept management.

Since to advent of social media however, it has taken on a more sinister face.

Shorters slowly sell off their borrowed shares then drop a "report" via facebook or twitter etc, then do a massive dump to set the ball rolling, then sit back and laugh while watching the carnage unfold. All from a location beyond any legal recourse. I think it was J Capital who dropped a report on Wisetech at the start of the AGM so the company had no chance to reply.

Bonitas and Bucephalus adopt a similar method. None of them had the guts to stand in Australia and make the allegations for fear of legal repercussions. J Capital also put in a clause that it is illegal for anyone in Australia to read their reports. It may be a bit of a shock to that germ Murray, but he is not the law and has no power to enforce criminal prosecutions. What a clown!!

Action needs to be taken to stop this sort of thing.

Just maybe ASIC is on the way to enforcing stricter rules.