I have to ask, does anyone know what shorting "out of the box" or "against the box" is?
""Shorting-against-the-box is the act of selling short securities that you already own. For example, if you own 200 shares of FON and tell your broker to sell short 200 shares of FON, you have shorted against the box. Note that when you short against the box, you have locked in your gain or loss, since for every dollar the long position gains, the short position will lose and vice versa.""
That's where these shares are coming from; the 68 million shares the Dr. owns.
I wonder, since the deal has not yet closed, are his shares in "escrow" yet?
"You can't believe everything you see - Jimi Hendrix"
