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Caught in a bear trap: How ‘short and distort’ attacks are costing Australian investors billions – Sydney Morning Herald
Australia has become a paradise for a new, aggressive form of short selling. And regulators’ failure to act is costing investors billions.
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David Bryant is still grappling with an event that blindsided him 16 months ago and wreaked havoc on his company, ASX-listed agricultural investment firm Rural Funds Group.
Everyone gives you a funny look of what have you been doing? You are completely friendless in a matter of minutes Even your mother doubts you, he said.
It was 10.37 am on August 6, 2019 only a few minutes after the market had opened when Texas-based Bonitas Research, an activist…
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