Good morning Capt.
I always pay attention to your posts and value your contribution to the Forum.
As a holder of PSLV your comment “...and the short in PSLV being their new primary source of physical to counter the loss of the LMBA…” really got my attention!!
I have always been of the understanding that the Sprott products PSLV; PHYS; CEF; SPPP were all unencumbered, physical 1:1 products.
At least in the normal brokerages (Fidelity, Schwabb etc.) options cannot be bought or sold on any of them. They are as close to holding physical as anything, but the real thing.
If you have time, could you elaborate on how they short these products…. and what shareholders can do about it?