RE:RE:RE:RE:RE:RE:RE:UBR.v ... short position as @ Mar. 31st.Or they could have warrents or options to buy shares below these prices but those warrents are still subject to a hold period. So if the share price goes down they will buy shares in the open market to cover their shorts. If the share price goes up then they just excersize their warrents after the hold period expires and use those to cover thie shorts. Win win for them.