GREY:IPHAF - Post by User
Comment by
DaveAuon Nov 10, 2007 12:26pm
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Post# 13788187
RE: Yatscoff forward sale
RE: Yatscoff forward saleThose shares were shorted by the other party at the time of the transaction so they had no loss. The forward sale was used to exploit a loophole in Canadian securities law (since closed) that allowed insiders to hide their sales from the market. It may have been legal, but it demonstrated the lack of integrity of the 3 amigos. The market does not seem to forget such things easily.