Certainly feels that way, and also may explain the share price anomaly v PLS. Shorts are now at 8.66% as of Nov 7 and have been steadily unwinding.
Any TO needs to be much higher than current SP, so by holding it down increases this premium. Pretty sure that management would be well aware of this predatory risk and are hopefully prepared to fight it.
DYOR
GXY Price at posting:
$3.87 Sentiment: Buy Disclosure: Held