Zolis, a shorter borrows the shares from someone to sell them. I don’t know how the NGIO position would work. Since they borrowed the GNBT, do they also get the NGIO? If they don’t, then the person they borrowed the shares from will get the NGIO. So I don’t know how that will work.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.