I have no view whether Seven Group will make a bid. It is pretty clear that at least in the short term the prospect has helped the share price of BPT and DLS, and will probably continue to do so. This was the only point I made. I don't have a problem with you being argumentative (and you seem to be well informed) but you need to actually read what I said.
Re the convertible notes, I considered the shorts might be related to hedging. Impossible to know though. If the share price heads back to $1.20 and the shorts start going up then we might have more of a idea. I thought I'd keep it simple and just say that shorts being covered is generally a bullish sign.
DLS Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
