RS can be executed immediately after vote forcing shorts to cover.
If they don't fear it they should.. The board can execute it immediately after vote forcing shorts to cover. After execution they will get a margin call from their broker to close their positions, the last couple days of anemic volume will pale next to that day. They're 27 million shares short!
Your scenario is without merit. RS is recalculated both for owners of shares and those who are short. There will be no margin calls. If by chance there is confusion, brokerage firms will be held liable for any erroneous selling of positions to cover margin requirements. I am a true long, but your supposition is again, without merit.
The scenario of an immediate execution of the RS is possible. INO management has had months to mull over their strategy. Usually on an RS there's confusion with brokers for the first day. Margin calls are a distinct possibility. GLTLongs. This beatdown is about to come to an end, and I'm looking forward to seeing some shorts picking their front teeth off the ground. Time will tell.