Around 30% of the $18 million placement is fully hedged by way...

Around 30% of the $18 million placement is fully hedged by way of the short selling interest just shy of 33 million shares which is currently over 42 million in total.

I now see this as a very crafty move by someone, if they took a 30% position in the placement they are now fully hedged at 16 cents or even better.

So if the share price dies because of a negative approval, the most they lose is a few percent in fees, but if the approval is positive and they buy 33 million shares at market on open to close out their position, then that can only do wonders for their remaining 33 million shares.

By the way you and I can't do this sort of trading, not with SVL atleast, I looked into it.

This is the sort of play big boys do and they rarely lose.