RE:RE:RE:34.9 shares bought back at $4.30..Yeah, sure looks that way...
CS are definitely dumping here... I'm assuming the best case scenario is that they got 77.2% of their position at 4.3$ and are just wanting out ASAP. That should be about what?? 3.5M share to unload??
BUT if they tendered above 4.3$ and royally screwed up, then they have to unload 14M+ shares... Yikes, that'll be a long and horrible process...
Since Middleman is looking at a potential NCIB now, they might has well just call CS and work a deal to purchase CS's block for a good discount and just retire the shares... Say 3.4$ to 3.6$... Depending on how much CS needs to unload, they might just go for it...
LOL, it's true that they screwed up the auction for the rest of us with 77.2%, but on the other hand, they are allowing us to buy at a good discount to our position sold ar 4.3$, so, good and bad here.
borne2run wrote: Nope, CS tendered and have now started to unload the shares that weren't accepted by Aimia.
They screwed up the tender for the rest of us - only 77.2%.