Snow/Trip; We don't have all the facts (we don't even know for 100% that collateral shares have been sold, and if they are they still may be returned). With the little we know now I do NOT think SIAF should be blamed for not realizing that the shares would be sold.
However, IF collateral shares have been sold then SIAF MUST have known (or, at the very least, acted so reckless that it doesn't matter whether they knew or not), yet they gave us the impression that they were not (first that it wouldn't make sense, later that shares had been returned every time). To me that is fraudulent - IF they are sold.
One interesting thing about the collateral shares though is WHEN they started to sell (if they are sold). It seems that they might not have sold straight away, but waited till the PPS had declined quite a bit. Why?
Also; if they are sold, are they working together with market makers on this, or acting by themselves?
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