Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Silver Range Resources: A hidden gem in the mining industry (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

Chemicals Specialty Chemicals


TSX:CUS.DB.D - Post by User

CANEXUS CORP 6.5 PCT DEBS > Worst is over
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(111)
•••
Comment by hawk35on Jan 21, 2014 8:19pm
345 Views
Post# 22118315

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Worst is over

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Worst is overHi OOSTS.  Your explanation is right.  The shares are directly sold to the four financial institutions and not through the stock exchange.  So you and I can't buy them.  The financial institutions can sell them to their preferred clients, sell them on the market at current rates or hold them and sell when the stock is higher.  The institutions take the risk of holding all that stock and that is why they got a discounted price of 5.60.  No one should expect the share price to match the discounted price.  Market will set the price based on normal market conditions, company performance, news etc.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities