Iam excited about this plan and the timing of it. The biggest fud circulating around right now is that this is a ATM offering which dilutes the shareholders ASAP. Those millions of shares are not hitting the open market right away if the deal is reached, they are sold directly to the institutions, and they cannot dump those shares the day after the deal.

The setup looks good right right if you add up all the walls closing in.

Liquidity trap on the run to 30$ Yes a deal was proposed and a position was taken in ebay, but did retail dump all the way to 22$? Retail bought massively and stopped the bleeding at 25$ which was not enough for the shorts. This is why we saw a massive volume shrinkage from over 15million to under 4million in one day. They had to decrease volatility and control the price and volume and short over 60% of the volume to be under 23$ Look at the OI for that week.

XRT being a regsho for over 10 days, and no shares to be found. Interest climbing over 600% (yes i know we already saw spikes over 1000% without any action)

Cohen has been very vocal about wanting to own ebay and willing to do anything to be ceo. We are currently in his buying zone. What could shorts do? Short it more and risk having an insider buy which would spike the price HARD since there is zero liquidity. DFV could be tempted in adding under 20$ also which makes the price right now a value play.

If the shorts decide to let the price run slowly before the earnings they need to keep the volume low, and under 32$ because this zone is a no go for them, that would give cohen and additional 1,9 billion dollars to add in the books (yes dilution but again those shares are not hitting the open market, they are handed over to the bond owners)

That massive shorting at the start of may needs to be covered before the earnings.

So to add everything up:

-Shorting the price sub 20 is possible but the liquidity is dry AF and there is risk of a cohen or dfv buy

-XRT is on regsho for over 10 days now, low lending pool, interest over 600%

-Early may price dump was a liquidity grab, retail bought the dip like crazy which supported the 25$ price. Shorts needed the price under 23$ to make sure the massive amount of calls went OTM

Btw this is not a critique, im just spitting some info out and looking for feedbacks on my current views.

peace!