I read this as yet another doubling-down of that the collateral shares has to be returned. Combine that with their earlier statement that they would have to - and will if it were to be the case - report a breach as a material event. I.e all collateral shares has to be returned, so the question then is whether the lenders are short or not.
The MMs could of course be swing-trading on OTC pushing the PPS down, but even if we adjust for the corrections they mention (about shares being held in Oslo) we are still a lot of shares short on OTC so there are no shares to be swing-trading with (well, selling them yes, but not buying them back).
They also write that they have taken steps to increase the volume. If there are no shares available, wouldn't the only way to increase volume be to have someone short the stock, issue more shares, or convince a large long shareholder to lend shares? Wouldn't that only allow MMs to swing-trade more?
