Its not a clawback per se, its a go around with th
Post# of 11038
Posted On: 10/09/2015 4:18:51 PM
Its not a clawback per se, its a go around with the same end result IMHO.
"Counsel for COR Clearing has engaged in discussions with counsel for DTCC about the best method to remedy Calissio’s fraud by way of the requested Receiver. (Aronoff Decl. ¶ 11.) The parties agreed that the method fairest to all parties potentially affected by the Receiver’s request to DTCC for post-payable adjustments is to give them an opportunity to be heard by this Court before the Receiver is appointed. (Id.) This method is especially useful for those DTCC member firms whose clients innocently received some of COR Clearing’s money through Calissio’s scheme, and who are currently awaiting instructions as to what to do with these funds."
"Some of the DTCC member firms who will be noticed pursuant to the procedures listed in Section IV are holding this money for their customers, pending the outcome of this Motion."
Does this not sound like Etrade to you?
"Counsel for COR Clearing has engaged in discussions with counsel for DTCC about the best method to remedy Calissio’s fraud by way of the requested Receiver. (Aronoff Decl. ¶ 11.) The parties agreed that the method fairest to all parties potentially affected by the Receiver’s request to DTCC for post-payable adjustments is to give them an opportunity to be heard by this Court before the Receiver is appointed. (Id.) This method is especially useful for those DTCC member firms whose clients innocently received some of COR Clearing’s money through Calissio’s scheme, and who are currently awaiting instructions as to what to do with these funds."
"Some of the DTCC member firms who will be noticed pursuant to the procedures listed in Section IV are holding this money for their customers, pending the outcome of this Motion."
Does this not sound like Etrade to you?
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PLEASE READ IF YOU READ MY POSTS
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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