TSX:LSG.DB - Post by User
Comment by
rockhound73on Nov 03, 2010 2:50pm
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Post# 17652432
RE: RE: RE: RE: RE: RE: RE: RBC IPO
RE: RE: RE: RE: RE: RE: RE: RBC IPOHarjay,
I agree that that is what you say your broker told you, and that what has happened in the past is not necessarily what will happen in the future.
You could be right that HOC put a restriction on where the big three could initially sell the shares, and perhaps LSG agreed with that condition, although it seems implausible.
There appears to be no restriction on US citizens or corporations owning LSG shares. Agreed?
If your information that the big three bought 109 million shares at $3.60 with a sales restriction to one tenth of their market then they must have thought they were a pretty good deal. No? Moreover, if you are correct about a sales restriction, maybe the big three are smart enough to arrange a three way deal (causing a few minutes of delay) so that the shares ended up in US hands anyway.
Time will tell.