It will be extremely interesting to see if the current open short positions contribute to any increase in our share price . It seems that these positions maybe filled via prearranged off market activity . The below graph shows that market manipulation and illegal activity can result in a falling share price even when shorts are covering . If this is indeed the case for our situation , when the time arrives , I just hope that the outrage and disgust from multiple shareholders is expressed in writing to all three governing regulators , the ASX , ASIC and the ACCC . If they don’t get hurt on market or think that they are untouchable , as a collective we simple retail investors must be willing to pursue justice and send a clear message to the big end of town .
Another example of the abuse of short selling provisions is where prices are reduced to artificial or undervalued levels through short selling, and then for exposed open short positions to be covered by activity that avoids price discovery. Research has demonstrated that it is common practice for large short positions to be unwound through off-market adjustments which avoid price discovery, not through the re- purchase of shares through the market.
All in my opinion ……