hey all thought I would do my best to clarify a few issues I...

hey all
thought I would do my best to clarify a few issues
I subscribe to a sophisticated service that tracks shorts directly from the lenders
the asx data is misleading as it shows when shorts are put on but not when they are covered
currently there are 800k shares short down from 1m last month
the shorts were first put on during may when the shareprice sold off - likely momentum driven cta's
a good amount of the daily shorts are from the bots/algos that short the stock and also cover intraday
hence assuming these guys have between 200-400k then there is only 300-400k shares short which is tiny based on market cap
I wouldn't worry about beach minnow - his information is misleading and I love how he is now "we" not "I"
the average price over the course of May was 1.70 - any astute trader would now have stopped themselves out which I suspect has/will happened
I suspect he is the headhunter from the recent call and feels quite threatened
no sophisticated investor would waste so much time on a blog
he is correct in saying numerous instos have come on to the register, in fact they are from asia, oz + also the u.s post the recent roadshow
hope this helps