t/h fundraising, page-33

ORE has refunded $7M, so not managed that well.

To make it clear; if the brokers were paid with new issue, they would have the right to short sell, before the shares were allowed to trade as FPO. Brokers will always dump such shares, even below the issue price, as they just want cash.

There were 61k shorts on Wed 27th, so probably not Canaccord. These may be small-time chartists who are following the All Ords, second by second. It's a fair part of ORE's total trade, though.

Don't expect rational behaviour from them. They are not investors, and probably don't even know what Li is.