ml has been lending the stock to the shorters, page-4

As the banks decide which projects get up and which don't, it is possible that there is a consensus that this project wont get up in the mid term, and is now being used by ML solely to rip cash out of the market.

Didn't MQG start selling down many months back?

Explains recent shorting - no sane person would short at this level unless they knew it was game on by a larger player.

We (retail) investors are unlikely to ever make any money on this stock now. ML can push it down to any level they choose and if they decide to give the project the green light, one of the banking cartel will finance the project with more notes - at a very low conversion price.

Banks win.