16 m offmarket cross at 25c, page-9

Don't forget this is only the gross shorts. It doesn't account for any that were bought back. Given the higher volumes on these days it doesn't look like anything out of the ordinary. The net affect is shown on the graph though and positions reduced by ~0.5% or so in the 2 trading days after the announcement.

I've increasingly wondered about the possible takeover as well. It's not why I bought in, but it's looking more likely the longer the SP is suppressed. In theory if a TO party had enough access to capital they could keep buying as much of the company as possible in the 20s (and 30s) and then pay it back with the cash when's the business is theirs and have plenty left over.

The market is placing a negative value on the company. It is essentially saying I'll pay you to take this business off my hands. You can have the business and I'll throw in ~$150m cash to boot. Madness. You all know this though, i just find it amusing to spell out the ludacris situation