The relevant source would be the company announcement which...

The relevant source would be the company announcement which explains the terms of the CR. The most relevant details are below.

Effectively Lindt have no shares to sell from the CR until after 90 days of execution of the agreement. This is approximately 16 December. However they are holding 30M shares, which need to be returned which theoretically can be used to short the SP.

After 90 days, I am expecting Lindt to immediately offload the $120k of shares per month to derisk their investment. The additional driver will be the discount they receive through the VWAP calculation, which creates an additional margin above the already 20% premium.

“The First Convertible Security will have a face value of A$1,800,000 that will be repayable over 18 months, with an initial repayment holiday of 90 days. TV2U will make 15 monthly repayments of A$120,000 in either shares or cash (at TV2U’s option). The monthly repayment amount in shares will be determined using 90% of the average of three daily VWAPs per share as selected by Lind during the 20 trading days preceding the monthly payment. The 15th and final payment is scheduled to take place in March 2020.
In respect of the First Convertible Security, TV2U will pay Lind a Commitment Fee of A$45,000 and on execution of the Agreement will issue Lind with 30,000,000 fully paid ordinary shares that will be credited or returned by the end of the Agreement and 62,500,000 unlisted options to purchase ordinary shares in TV2U with an exercise price equal to 130% of the average daily VWAP during the 20 trading days prior to execution of the Agreement, with an expiry date of 36 months after the date of issue.”