PPT has 6.2m SHORT SOLD and has a tiny 57m register - to even attempt to buy 6.2m (11% of the register) back will be a nightmare for shorts on such low volume! We have ~7 times the PPT register - easier to short and benefit from a reversal (t/o going ahead)....!
casino time! watch the vultures take advantage of the uncertainty!! meanwhile, ill enjoy the show!
just topped up - again, my holdings here were already HUGE (for a retail investor anyway)....
News: PDL Perpetual Announces Rejection Of Conditional, Non-Binding Indicative Proposal, page-13
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