Thanks for the replies ds and semi.
So re first capes naivety re financing their share to fund the underwriting - what happens to these shares now? No doubt if the company did go belly up, as it nearly did, these shorted shares would not be have to be repaid to fc (what a great outcome for them and make RM look even more stupid).
So are we expecting these shorts now have to be covered and repaid back to fc. A bit hard to know without seeing the contract. We still have seen no change in substantial s/holding from fc.
Might be the best chance for those sitting underwater to get out.
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