@Bob - Short Interest
"
Well, the should be a surprise to a lot of SPSN stock holders. It seemed like the consensus was that once the merger was done all the arbitrage related shorting would be covered.
"
Thats a wrong assumption.
Just look at me - I'm a SPSN and SFUN holder. I can't handle
my SFUN shares these days - they are locked by the broker.
In that period, your dependend on the SPSN share movements.
So, whats the logical protection - right, a SPSN short, as
said a while ago. These shorts will be covered, once all
SFUN holders have their new SPSN in the books, which will be
at the end of may, probably june.
Transfer this into numbers. 31,x Mio. SFUN shares -> 50%
are protected => 15-16Mio. SFUN Shares => 11,2Mio. SPSN shares
have to be short.
16,6Mio. are short - take 11-12mio. out and we end at "normal"
SPSN short shares at 5-6Mio.
BUGGI |
