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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: bill who wrote (1667)10/22/2001 11:33:09 PM
From: Peter W. Panchyshyn  Read Replies (1) of 11633
 
Its my understanding of these secondary offerings that the price of the offering is not set arbitrarily. But is the average closing trading price of the units for the past X number of days. Using this bit of information it might be a good idea for someone to go through the numbers to check if this is indeed the case. Well I did go through the numbers indeed. Here are my findings. For SHN.UN the average closing price for the past 15 days prior to the announcement was $13.40. For AET.UN the average closing price for the past 15 prior to the announcement was $ 11.01. Now compare these numbers to the offering prices quoted in the releases. $13.40 for SHN.UN and $11.00 for AET.UN. Gee what a surprise!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! So much for the conspiracy theory.
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