I’m curious - if anyone was shorting this prior to Admin they would have hit the jackpot - no time for broker to call and they would only have to repay cost of financing the loan. The broker would call a total loss on the loaned stock and cancel the outstanding debt. Shorter wins big
If this DOCA is cancelled - then the shares still have some value, the broker can ask for repayment of the loan (plus interest) - shorter loses.
Was Cannacord lending shares?
DYOR IMO
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- Canaccord Oppose DOCA
Canaccord Oppose DOCA, page-347
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