may move up today, page-21

Cookie,

Absolutely it is in their best interests. Your point on the Conditional Offer is repeated in the retail offer document on p.4.

Logically if the share price has to be maintained until the retail offer closes, then after that the underwriters have no liability assuming all the shares were placed in the retail offer. We should expect an announcement soon after Tuesday about how the retail offer went but between Tuesday and then, the SP may not be supported.

But if the retail offer is fully subscribed, then there should be no reason for any shorting. If 15% roughly is being shorted, we may then have to see some aggressive short-covering.