there's nothing actually illegal about this type of shorting but...

there's nothing actually illegal about this type of shorting but seems like a major conflict of interest if a director is doing the lending. He should have at least disclosed the lending in ASX change of interest notices. We got them from Merril Lynch but not him.

If you're happy with this standard of governance and the share price performance to date thats your choice. Think I'll just wait for the next surge and sell into it. Companies that treat their shareholders like this never go anywhere in the long run - the chart says it all. Have look at FMG or IPL charts for comparison if you think all stocks are being punished.

Your short sellers are sitting there with offers packing the depth up to 40c thats why the share price isn't moving. They've got 80 million shares to play with borrowed from a (former) director.