Rahim secures the government grant; the company puts out an IPO; the offering goes out; Rahim gets shares; you pump up the value of those shares, using in part the fact that you got this government grant, and therefore the company is credible. Rahim sells off his shares at the high; you short those and get it down lower; he buys back in at the lower level and his profit is the spread he enjoys between where he sold it off and where he buys back in. Is that a realistic scenario?
On April 28th, 2010. See this statement in context.