Only 2 dates are important to a shorter.... The 15th of the month and the last trading day...... Thats when the account needs to be in balance... assets and cash less short meet the demand of the institution. If short of cash then a cash call may be required depending on the closing price and the amount of the short in the account.

This short has been in place for a very long time and I think linked to the placement .... However it is didn't buy out the short at a buck chosing to have their 4 month hold stock cover the short on Aug 22nd....JMHO

The squirming is definately happening today..... and will again mid August.

My broker, Wolverton, does not allow me to do this with my placement stock.... I cannot even sell it 3 days prior to the date. I have to wait till the date of record for it to be trading before I can sell any.

I figure BMO will write a buy recomendation sometime in Sept, after their clients stock becomes free trading.

JMHO