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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?


To: Surething who wrote (1839)12/9/1997 9:56:00 PM
From: Rocky510  Respond to of 11676
 
Hello Surething - on your post 1839, you said some things that we should not forget - Thanks!

waveguy.simplenet.com

Jimmy



To: Surething who wrote (1839)12/9/1997 10:26:00 PM
From: Terence Mitchell  Read Replies (4) | Respond to of 11676
 
Hi Surething,

before anyone becomes "warm and fuzzy" towards the big C's Y's etc of this world due to your supportive statements, the real word is HORSESHIT.

Give you a typical example, Yorkton brokered the deal for NDT going to market, wow what a bunch of frigging Angels, they sold to the unsuspecting public at $3.75 which moved up to almost $6 due to the innocence of the day (DFR discovery AND prior to the hidden vermin, Cartaway, Timbuktu, Bre-x, Golden Rule etc, exposing themselves) and guess what Yorkton were so reasonable they took about 5 million shares for themselves at 35c or thereabouts so they could sell into any demand, at any price (even todays) and still make money.

God don't you love these philanthropists that make money by taking "your money"

In other words Surething, I don't need anyone to provide any support for the Sleazy bastards that take most peoples money. I have siding salesmen and used car salesmen that I respect way more.

No personal disrespect intended.

regards, Terence Mitchell



To: Surething who wrote (1839)12/9/1997 11:43:00 PM
From: Big Shorty  Read Replies (1) | Respond to of 11676
 
Surething - don't kidd yourself by believing that Canaccord and Yorkton buy their positions. Unless it is an inhouse deal that a team of their brokers have restructured, they seldom buy their position. Most often their position is derived by stock known as B-Warrants which they demand from the funded company when doing a financing. This stock is usually exercisable at the financing price. They then short against that stock in the promotional stages, selling that stock to the public on the way up. They always have their short position covered with the B-Warrants. Cant't lose. Those B's are usually exercisable for up to 12 months. Of course once an amount of stock equal to the B-warrants is shorted and their support withdrawn, why not short the deal all the way down to the price at which they cover with the B-warrants. heck of a deal. The B-warrant stock has no such hold period like the stock of the private placement from which it was derived.
It's very legal and very profitable. Usually once the B-warrants are excercised and blown out, the house support wanes off until it disappears. Or until the next round of funding for that company.
They are only doing exactly what the rules allow. The trick is to read the timing on these deals and know, what is coming, in what sequence.
Jim