When would substantial holder show up ?, page-4

Hi littlecricket
i thing your take is whats happening, no one took enough shares from the directors to put in a substantial holding, i believe it might of been 12m share loaned out so who loaned then out then can let the shorters go to work drive down the price while the fund also try to accumulate more shares at the cheaper price. once the shares are repaid then we might get a sub holder notice ?
i would image loaned shares have a time frame to be repaid ?

thanks
mickem