RE:RE:RE:FFN Retraction, Redemption, and DDDon't get too excited just yet - my understanding is that shares will only be recirculated if they can be sold for more than the retraction NAV value during the first two weeks of Dec ie before the retraction payment is made. This would require the market price to close the discount and/or the NAV to increase in early Dec. Given the current discount to NAV I believe this to be unlikely but not impossible. I would remind any readers that I am not recommending any particular action just trying to provide info into what appears to be a vacuum in this case. GLTA
NoShoesNoShirt wrote: This is the best news on FFN lately. Navgod, mouserman, flamingogold, anyone else, can you confirm this possibility? If everyone is chickening out and I can buy this cheap, wow!
elonmuskrat247 wrote: Retracted shares can also be recirculated as per the September 2004 agreement. So, the retracted shares may be bought and resold by National bank and CIBC thus negating the need for consolidation or subdivision of shares, if there are buyers of said shares. We will see in December how this all shakes out.