Good point farmer fred - and I am well outside my comfort zone...

Good point farmer fred - and I am well outside my comfort zone here - but my impression was that the current shorting (there is short sold stock already which only started when the notes were issued) is more than just people hedging their notes. Maybe the perception is that it is more easy to keep the price down over time rather than trying to smash it in just 20days during the reset period?

I would be really interested to hear from people who know more about this, particularly if anyone has seen similarly structured notes, and what we can expect in the reset period farmer fred highlighted, i.e. are people likely to come in with bigger volumes of short selling and therefore could there be a buying opportunity?