Dear moron: It will take less than 1/10th of a nanosecond to cover those shorts. Lets see an alleged short position of 14 million shares. Peter Butfart is selling 90 million for St. Jude, that leaves another 76 million shares (short) that need to find a home. That's wh6y DILUTIONs as Butfart knows, let the shorts OFF THE HOOK.
From the fact that they've covered 1 mm in the past month, I'd surmise that they made a good bet back in Sept. and are now cashing in. So, as I see it, its not a question of what they know now, its more a question of what they knew and how far down they could push it to scare others into selling. Anytime a company does a takeover anymore, the stock takes a hit. Bet that on the 1st day or 2 and you can make some bucks while things dive waiting for the deal to come to fruition. They did, and they did. They still have almost 13 mm left to cover, though. That's a lot of shares.