RE:RE:RE:RE:Over 1.5 million EGLX shares sold short as of may 15foundalpha wrote: Interesting info, thanks for sharing. Will be interesting to watch for any changes Perhaps some correllation to investors hopeful to participate in a financing at a lower price - they could then cover a short position.
This is possible. They announced the short form prospectus on May 3rd - which gave the company the option to issue shares or raise debt upt to 250m in order to complete acquisitions. Maybe the shorts thought / think that EGLX will target a company for aquisition and they will be able to buy into the concurrent financing with the cash they raised by going short $10 million of EGLX