RE:RE:RE:RE:RE:Contest winner Dverv @69.00Its impossible to know how the shares were distributed by Goldman. My broker told me that none made it to Canada, and probably none went to retail. All would have been distributed by Goldman to big US clients and houses and probabily ended up in their funds.
In any case settlement is at month end if I'm not mistaken, but Goldman is on the hook to CXR for the cash, and the big US clients would be on the hook to Goldman. So it goes down line. But ultimately Goldman being the lead, is on the hook. To them it's probabily petty cash.
The question remains who sold all those shares and where did they come from. Maybe shorting, by borrowing from existing shareholders, making money on way down, and when they get their shares on the 30th they will make on the way up? I really don't know. Too sophisticated for my investment stile, that's why I always get burned on way down.
cavinsin wrote: Thanks for explanation SC1, I totally forget that. Cant hardly wait to see what Monday brings, some buying I hope, Does any one know how many shares from 8M, were purchased for retail investors, by Goldman/RBC?? and who sold 4 plus Million in NY?? Thanks all and good weekend