Redmoki,
I don't think any rule exists that could prevent that scenario. I guess the thing is that currently the people that short the bejesus out of stocks have no long term interest in the stocks so it is not an issue.
Also because this manure is undisclosed it probably wouldn't be immediately clear that the entity making the takeover was behind the shorting. Thats why our market is such a cowboy market (not just the shorting, the insider trading as well).
- Forums
- ASX - By Stock
- shorters
OXR
oxiana limited
Redmoki,I don't think any rule exists that could prevent that...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OXR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online