Yes, THAT IS the regulation but there are some major assumptions:
That short sellers are reporting accurately .. it is somewhat ironic that it is assumed that someone who does not play by the rules in one sphere (price manipulation) will play by the rules in another (correct reporting)
Are the short sellers subject to audit by ASIC? I think that question answers itself as they are not held to account by ASIC.
Do you REALLY expect a short seller to put their hand up and publicly say .. 'oh yes, I am going to short sell stock XYZ' and quote the exact number of shares they have borrowed, who they have borrowed from and when they are going to sell them' It is the equivalent of an athlete going up to the authorities and stating exactly what performance enhancing substances they have taken and when they were taken. THAT is why there is random testing in sport, to find out WHO is not playing by the rules.
Short sellers know they are not going to be investigated, so why destroy their competitive advantage by making everything open and transparent?
WBT Price at posting:
$3.53 Sentiment: Hold Disclosure: Held
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