bpkaus
There is a 4 month hold on a pp, so that is way longer than anyone would risk on a short sale. When you get called on a short sale, everyone must buy back within 24 hours, which is what happened when I shorted dead dog AirCanada a few years ago.
You don't price a pp overnight and there is max 20% discount to trading price when you apply. It needs Venture approval, so crash goes your theory that the significant discount was needed to sell it.