Can someone confirm this announcement? The shares (shorts) were borrowed (rented) from Regal funds to Merryl Lynch for a short position in January.
Galena goes into voluntary suspension in January, thus saving the share price for the impending short position and share price fall.
Then as of announcement yesterday, these shares have been returned to Regal Funds, would that close or reduce any short position?
Please advise your thoughts?
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