Just for the records:During the past 12 trading days a total of...

Just for the records:

During the past 12 trading days a total of 7,803,197 shares was traded of which 5,653,228 shares or 72.45% represented short sales. That's 1.67% of total shares issued.

Before this shorting orgy began, the aggregated short positions amounted to 390,623 shares or 0.12% of shares issued. (source: http://www.asic.gov.au/asic/asic.nsf/byheadline/Short+position+reports+table?openDocument )

Why the hell is somebody shorting a stock that is already traded a third below its cash backing and even much further below of EV? Even if you completely write off the BCB technology the remaining cash and the Lake Philipson tenement alone do justify a much higher share price.

As a side-note, let me cite another oddity linked to WEC from published by The Australian yesterday:

"Watching Mr McGuigan give evidence yesterday was a surprise court watcher - former Kings Cross underworld figure and convicted drug dealer Bill Bayeh.

Bayeh, still on parole for dealing in cocaine and heroin from a Double Bay cafe, would not tell The Daily Telegraph who he was there to support."

source: http://www.theaustralian.com.au/news/closing-on-the-truth-as-obeids-take-the-stand/story-e6frg6n6-1226565359724

All this sounds like a plot for a bad conspiracy movie.