Ann: Response to Zhaojin Takeover Offer, page-77

Any current data on shorts?

I suspect shorts will have decreased further at these price levels and would reflect the majority of volume traded post TO announcement.

If my hypothesis above is correct, then once shorts are covered, the trading volume will dry up dramatically, which will see any meaningful accumulation push the share price above the 65c range. This may see a revised offer or competing offer in the 70-75c range.

GLTAH