RE:RE:RE:RE:Looks like quinlash has ratted me outFirst off the ruling is not about Tilray being allowed to issue shares or not, it's about passing the decision based on majority of votes cast vs majority of shares. You should brush up on that topic first as you seem unclear.
Next, if the ruling is not in Tilray's favor then they can run the vote again and solicite the brokers holding the short position shares as they can vote with the shares that were lent out. Short position traders have no voting rights but the brokers who lent the shares do. It's to the benefit of the broker to see the SP increase and for margin calls to be issued.
*Worse Case" is that Tilray has to pause their next acquisition deal. This move will please some investors, who would prefer to see actual EPS positive prior to more deals, and will disappoint those who want to see more aggressive expansion.
At the end of the day it's a "worse case" delay to expansion, it's not a make or break ruling for the operation