Shorters coukd have been hired by a 3rd party to help reduce the company value before a TO (by the 3rd party).
How much money the shorters lose becomes irrelevant (their losses will be covered by the 3rd party with the savings they make by buying a company for a fraction of its value).
In all honesty, GXY fundamentals are so strong that it is the only scenario I fear.
If there is no TO the SP will always rebound. This compaby is great. I just wish Management was more vocal. Anthony's silence makes me nervous.
GXY Price at posting:
$2.85 Sentiment: Hold Disclosure: Held