RE:charity flow thru shares bought dealAssuming that I have this straight:
The shares go from the issuer (NFG) to the donor (SPROTT) to a charity chosen by the donor to BMO to the end customer.
The donor SPROTT buys the shares from the issuer NFG and donates them to the charity. The charity then sells the shares to BMO. BMO then gives the tax credits back to the donor, which join the tax benefits of the 50 million donation, and then sells the shares to the end customers.
The end result is that NFG gets 50 million cash from SPROTT, SPROTT gets 67.5 million in tax credits, the charity gets 32.5 million cash from BMO and BMO then flips the shares at $5.68 for a quick 3 million profit.
The short term losers in all of this are the shareholders who have to wait for all of these discounted shares to be bought up.