Post by
farmerman on Jan 05, 2015 1:19pm
Bare in mind I may be wrong
I think what has been done is they have used company money
(as is their right)
to buy stock under the stock plan
and then sell it for .01 a share
so they have a net gain of maybe .01 or if its a 50/50 plan a bit more
Slimy, without respect to the shareholders but
well within their rights.
But I could be wrong about the amounts.
Comment by
farmerman on Jan 05, 2015 1:28pm
f its a 50/50 plan a bit more I meant a bit less fyi https://www.winstonview.com/stocks-to-watch-bmo-covered-call-canadian-banks-etf-units-ishares-canadian-select-dividend-index-etf-southern-pacific-resource-corp/38249/
Comment by
demarko on Jan 05, 2015 6:55pm
if this thing is dead, who is buying?
Comment by
nikehercules on Jan 05, 2015 8:42pm
After today's record output from Russia and Iraq and the subsequent market reaction, would you? Looks like Laricina has beat STP to the default punch, They've defaulted on their CPP loan.
Comment by
nikehercules on Jan 05, 2015 8:55pm
It was a production default, but a default with no cure. CPP is in the driver's seat!