nano ... you already know my opinion about the shorts in PLNI... There aren't any and of no consequence..
Now if for some reason people tendered in their shares and made the mistake of selling some of them before they were surrendered that were ear marked as restricted...
Then you could have a situation like PAIV and the price of the of the common free trading could sky rocket while the restricted people had their hands tied....
Of course the brokerage house are getting a lot smarter and they would be very careful of any tender offer to surrender common shares as they have been burned too many times.
Personally I think the buy back plan won't work... Very few people will bite ... IMHO