I cannot imagine anyone in a short position not covering by now knowing there is a settlement agreement.Any guess on how many shares might be shorted at the present time?
I think if this was a buy-out of Advisor by a 3rd party they would get a premium on he book value of about $48 million. lets say it was a 50% premium based on the current growth curve Advisory is enjoying again. That would be $72 million in a cash buy-out and roughly half would have to go to FUND and its shareholders after legal fees.
Remember legal fees usually mount up on trial appearances. Since we avoided a trial with a settlement I can't see more than a million going to fees paid already to the NY guys from Galanis. So Galanis would get the million off the top then he would get paid based on his 291,000 share position.
I would like to see at least 100,000 shares covered in a short squeeze but it so hard to track true short positions when you fall to the pinks.
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