The short seller somehow knows how many shares that are owned by those electing shareholders and going to be sold on behalf of them within the first month of Nasdaq listing. Then, the short seller set up a short position and is waiting to cover the short postion when those shares owned by those electing shareholders are sold.
So, we can expect those shares will not be directly in the market. Instead, they will be cross-sold to the short seller.
This is not impossible because we have seen many rotten management teams and a rotten share market.
This is why those affected buyers should demand for compensation for the delayed delivery of shares and uncertainty of the delivery.
Just my thoughts.
BTA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
