Appreciate the perspective, but next time try it without the personal attack. I haven't taken any shots at you. Unless you're JK, in which case it's deserved.
No, they'll have been able to cover both. Bog standard off market deal. For starters, they could've done a deal before the demerger. Even if they didn't, it's still a private deal, just for two sets of shares, not one. Think about it - neither the lender nor the shorter actually hold the shares, and neither of them actually want the shares. One owes the other 2 parcels, they come to a deal to close out both positions for maybe 10c on the dollar. Both walk away happy. Shorter closes his position, and lender removes a delisted and scandalised company off his books (lenders are generally the big boys - they dont care about who is right and who is wrong. They just want to clear out and move on).
This is easy stuff, and the funny thing is, JK knows it. He knows full well that shorters were able to close out their positions ages ago. Even if he didn't know it himself, he has 18 different lawyers and accountants working for him who would have told him by now. These comments are all just narrative for you and me. He's painted "shorters" as the enemy. He can't admit that they won years ago and have already forgotten his name.
SP1 Price at posting:
$1.07 Sentiment: Sell Disclosure: Held
