stezz, I keep thinking in AUD when I should have been thinkng in NZD, there were only 216 million shares sent out to sparcs holders. Very few of these will have been converted, the buyers who bought at less than 30c in the dollar will have sold as they banked a nice earn, those whopaid $1 which is most of the NZ municipalities which gifted Powerco to BBI are the big holders. They will get around to selling as son as they figure it all out. I don't agree that some or many have shorted there is no evidence of large sales after the sparcs reset meeting. Who would have reccommended shorting its almost a no no in New Zealand.
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