The trapping part for the shorters will be not so much what US...

The trapping part for the shorters will be not so much what US sells for (even if it is less than hoped) but their thesis is over.

back of the envelope calculation

cash on hand 210m to 250m (potentially 210m end of this quarter)

aus business 220m conservatively

us sale proceeds 225m

approx 655m aud or $2.14 per share

thats 16% upside from Fridays close .

so on go forward with a profitable aus business / minimal no no cash burn their are other easier targets to short. Surely this will cause shorts to slowly but surely cover and move on ... Were 4th most shorted !!!

also with potential special dividend this would be a liability for the shorters who would have to pay it out to beneficial owner of the stock .

it will be interesting to find out the specifics of the deal and start dates etc as articles did mention regarding when fanatics may start covering the loss position and marketing expense from etc. Sooner the better

i was hoping for more but can't complain 2.14 80% higher than 1.2 a few months ago