Replies to post #90 on Genetic Technologies Ltd (GENE)

[OZsurfer]

No worries, As GTG can not be offically shorted on ASX due to its charteristics - funnily enough there is none of that "scam" and down ramping chat on the forums says a lot. Yes we are waiting and I for one am expecting the CR at a discount. However this CR will be a vote in confidence, and say if its a 10% dilution at 20% discount well thats a possible 2% SP - apart from traders that have been caught out by TH and may get nervous nellies and jump on open. Hey I'm in for long ride so daily speed bumps disapear into distance in the mirror soon enough.

To Short in OZ a ticker needs to be classed as "shortable" [small caps are next to impossible to short], your broker needs to be prepared to take it on, the short must be registered, logged, and reported daily [http://www.asx.com.au/data/shortsell.txt]. Naked shorting is a no-no. In addition your broker must cover your shorts to register, your broker must cover if you can't so your broker will only accept a short for "sure things".
Boring stuff can bee seen here: http://www.asic.gov.au/asic/pdflib.nsf/add907be1c708f42ca256aca0007f465/e255597b83274f2fca25770e0019ac44?OpenDocument