here's one of the shorters

Bank of America just lodged a Sub S/H Notice.

There is a Prime Brokerage AGreement attached.
Meryl Lynch is the broker/partner with Mathews Capital.
Mathews is long on energy stocks, particularly CSG.
M/L seems to have been trading on its own account for some of the holding, and acted as Prime Broker for the majority.

I think B/A is the registered holder of the whole 50m, but Mathews is the Beneficial Owner of the majority of 40m.
I am not sure, but I think mathews is also the Lender of the securities.

So B/A is named as the Sub S/h because it is the Custodian of more than 5% of the capital of ESG - even though its on behalf of several owners. (?)

Some of the better traders on HC may be able to gleen more accurate info from this Sub Notice.

So it was that last purchase on 20 July that put them over the limit.

But on 21 March 2011 Meryll Lynch sold 7,080,000 ESG.
On 23 March 2011 M/L Borrowed 7,820,000 ESG

Isn't that what SHorters do?

B/A have been playing funny buggers with ESG stock for months by the looks of this.