All my opinions. That's the reason there has to be
Post# of 11036
Shorts cover at whatever price they can find. If market price is lower than the merger price, great. Have seen this happen when payment takes time, but difference in price is minimum, 5% or less. Some may decide to cover at a higher price and avoid fines.
In this particular case, where there's only one or a few big shorters, we won't see a short squeeze and a complete market circus. I think shorts will just quietly accept the charge and see NTCC draft the funds. This way, the market won't notice the NSS position and they will preserve their "good" image.
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Always, always do you own DD. Only invest funds you can afford to lose and trust nobody but yourself.