RE:RE:please dont tell me!I have had a couple of replies on how participants get paid.
Cash/Cheques to letter writers. Brokers get commissions. Brokerage house can get inside info or advance notification for participating.
Share price can be pulled back and shares transferred to participants at a low price prior to any announcement being made. Future favours. Options. PP's.
I don't know if these are legal or could be proved but I never thought about some of that. Thanks for the replies. Interesting how the big moves took place prior to the announcements.