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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (18735)	12/10/2004 1:21:58 AM
From: Taikun	Read Replies (1) \| Respond to of 108611

No, you are wrong. On #3, I am right. I have posted the relevant text from the prospectus below. "Stabilizing transactions consist of bids or purchases for the purpose of preventing or retarding a decline in the market" EDIT: bids or purchases of what? for whom? for buyers or own account? why is this not clear? was the sale of 15 tons a 'stabilizing sale' with no seller? This is precisely the kind of wording that leads Turk to come to his conclusions and I agree with Turk. -from P72 of their prospectus: In connection with this offering, the Purchaser may engage in activities that stabilize, maintain or otherwise affect the price of the Shares, including: • stabilizing transactions; • short sales; and • purchases to cover positions created by short sales. Stabilizing transactions consist of bids or purchases for the purpose of preventing or retarding a decline in the market price of the Shares while this offering is in progress. These transactions may also include making short sales of Shares, which involves the sale by the Purchaser of a greater number of Shares than they are required to purchase in this offering, and purchasing Shares on the open market to cover positions created by short sales sec.gov -from P50 Authorized Participants are the only persons that may place orders to create and redeem Baskets. -later on the same P50 Certain Authorized Participants are expected to have the facility to participate directly in the gold bullion market and the gold futures market. EDIT:Therefore, the creation of baskets of shares is expected to include participate in the futures market. It is right there in the prospectus. Futures seem completely unnecessary. You say you read it?? sec.gov