cde let the shorts off the hook in a warrant purchase , w amendments 01/12/09 8-K , such as :
"The Exercise Agreement also allows the Holders to exercise the Warrants regardless of whether they have held or currently hold an open short position in the Company’s common stock."
On January 12, 2009, Coeur d’Alene Mines Corporation (the “Company”) entered into an Agreement and Consent (the “Exercise Agreement”) with JMB Capital Partners Master Fund, L.P. (“JMB”) and Lonestar Partners LP (“Lonestar” and, with JMB, the “Holders”). As of the date of the Exercise Agreement, the Holders collectively held all of the Company’s outstanding Senior Secured Floating Rate Convertible Notes due 2012 (the “Notes”) and all of the Company’s outstanding warrants (the “Warrants”) for the purchase of up to $25,000,000 aggregate principal amount of the Notes. http://www.sec.gov/Archives/edgar/data/215466/000089706909000034/cmw3949.htm
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