If I was Jeff or James, I would be looking forward to the merge and the success of Centaflix/Centacom, and could care less about the SP of QASP. They are placing the QASP shares in a trust to keep them from affecting their main business at hand. IMO they are attempting to help out those who have been stuckholders of QASP and are going to quite a bit of trouble to do it. I suspect they will need to provide some finite amount of time between the merger NR and the record date of QASP share ownership for the SEC to sanction it as you have suggested. Removing shares from the float could have as much of an effect over time as a run prior to record date. But again, does it really matter. Joe C has already committed enough crimes that he will have to answer to, so whether he has to cover his short position or not really doesn't matter if that's where one's motivation is.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.