Red, shorts can get trap and BB can buy. Case in point, I owned GEVA and ALXN. BB brought 1M shares about 1-2 months before ALXN brought GEVA. How they got around it was a secondary offer of shares and being a holder had first rights. Shrewd way to bypass the SEC. I worked in Finance and anyone handling DD (due diligence) would take at least 6 months so BB on the board knew about the buyout. I guess I was hoping SGEN secondary would be the last but will be patient.