RE:RE:RE:Cannacord GenuityLet's say they borrowed the stocks to short at a cost of $2.10 at a cost of 12% per annum. They sell the stocks at an average price of $2.10 on the open market before the bought deal is announced. They then announce the deal at $1.85 knowing it will lower the price when announced. Boom, the deal is announced and the price is now at $1.58. Let's say they target to start buying back when it hits $1.50. They buy up to $1.60 for and average price of $1.55. The profit is then $2.10 - $1.55 or $0.55 per share. It's all done within one month and they give back the shares at a cost of 1% or $0.0215 per share. The profit is $0.55 - $0.0215 or = $0.5285 per share ($0.5285 / $0.0215) or 2.458% - not bad for a month's profit.