3 Options: 1) DTCC made a mistake. See my previ
Post# of 11038
Posted On: 10/02/2015 10:43:32 AM
3 Options:
1) DTCC made a mistake. See my previous post, IMHO not likely.
2) NSS theory. No proof, unless COR (or its clients) were short. Even then, now that FTD data is available and hardly any volume to replace naked shorts with new positions, IMHO theory is also not likely.
3) Now the only logical choice (combined with something we may be missing). Conversions: Explains how the stock traded (volume, direction), but does not explain the dividend situation. The only scenario Im seeing is where those conversions were not allowed or approved or something of that sort and DTCC/FINRA thus determined that company shouldn't pay but rather the clearing house that allowed them or the clients themselves? That would lead to COR suing CRGP rather than DTCC as if there was fraud by buying back conversions? Seems thats what appears to have happened. An honest mistake by both parties not knowing the 25% rule and now COR has interpreted as if there was an intent to deceit but had they know it too, they would not have sold!
This is a mess. All IMHO
1) DTCC made a mistake. See my previous post, IMHO not likely.
2) NSS theory. No proof, unless COR (or its clients) were short. Even then, now that FTD data is available and hardly any volume to replace naked shorts with new positions, IMHO theory is also not likely.
3) Now the only logical choice (combined with something we may be missing). Conversions: Explains how the stock traded (volume, direction), but does not explain the dividend situation. The only scenario Im seeing is where those conversions were not allowed or approved or something of that sort and DTCC/FINRA thus determined that company shouldn't pay but rather the clearing house that allowed them or the clients themselves? That would lead to COR suing CRGP rather than DTCC as if there was fraud by buying back conversions? Seems thats what appears to have happened. An honest mistake by both parties not knowing the 25% rule and now COR has interpreted as if there was an intent to deceit but had they know it too, they would not have sold!
This is a mess. All IMHO
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I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
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