RE:RE:Short positions for Silver Elephant is 6,474,649 sharesIt appears that the short position is related to the release of shares on Sept 1.
Okay. 10,000,000 shares.
You have 1 million shares that are in the money. You short them to lock in the gain. It no longer matters if the stock goes up or down, the gain is locked in.
Why not just sell them and and walk away with the gain?
There must be something more to this trade.