Take over?
posted on
Dec 22, 2008 06:03PM
Edit this title from the Fast Facts Section
Well, the rumor I hear, actually heard it Friday, is that a take over offer is coming. The offer is supposed to be for 1.1B or about $2.00 per share. I did not think there was any truth to it as they were discussing bankcruptcy options but the action at the end of the day makes sense. The rumor is from the canadian side and this would explain the price difference between Bay St vs Wall St. The thing that annoys me is the house positions today. The 6 biggest sellers, are all retail while the top purchasers are all institutional. This is so typical, they had the info Friday at least (BMO was the huge seller Friday) and they sent out the bashers over the weekend and convinced all the retail to pull the plug and then they kept the price down all day till 3:30 and then they loaded up as much as they could. This just reaks of a leak. My only hope is that they halt the stock pre open tomorrow and ask for answers...but this will not happen of course!!
In any case, tomorrow should be very exciting!
Glorieux
250 Infinium Capital | 1,672,478 | 496,773 | 0.30 | 159,500 | 47,141 | 0.30 | 1,512,978 | -449,632 | ||||
1 Anonymous | 1,302,500 | 390,024 | 0.30 | 1,036,500 | 300,386 | 0.29 | 266,000 | -89,638 | ||||
6 Union | 235,500 | 79,871 | 0.34 | 44,630 | 16,499 | 0.37 | 190,870 | -63,372 | ||||
24 Clarus | 112,000 | 41,440 | 0.37 | 0 | 112,000 | -41,440 | ||||||
5 Penson | 91,264 | 24,430 | 0.27 | 2,500 | 687 | 0.27 | 88,764 | -23,743 | ||||
14 ITG | 50,251 | 13,574 | 0.27 | 1,331 | 391 | 0.29 | 48,920 | -13,183 | ||||
85 Scotia | 153,250 | 41,702 | 0.27 | 104,493 | 29,060 | 0.28 | 48,757 | -12,642 | ||||
89 Raymond James | 36,000 | 9,899 | 0.27 | 530 | 139 | 0.26 | 35,470 | -9,760 | ||||
33 Canaccord | 46,571 | 12,634 | 0.27 | 18,255 | 5,030 | 0.28 | 28,316 | -7,604 | ||||
28 BBS | 99,500 | 30,478 | 0.31 | 72,000 | 20,697 | 0.29 | 27,500 | -9,781 | ||||
15 UBS | 25,900 | 7,256 | 0.28 | 5,567 | 1,475 | 0.26 | 20,333 | -5,781 | ||||
81 HSBC | 28,000 | 7,540 | 0.27 | 14,681 | 3,953 | 0.27 | 13,319 | -3,587 | ||||
58 Qtrade | 14,700 | 3,969 | 0.27 | 7,293 | 2,118 | 0.29 | 7,407 | -1,851 | ||||
39 Merrill Lynch | 2,924 | 818 | 0.28 | 0 | 2,924 | -818 | ||||||
27 Dundee | 3,400 | 923 | 0.27 | 677 | 183 | 0.27 | 2,723 | -740 | ||||
40 Norstar | 1,400 | 488 | 0.35 | 0 | 1,400 | -488 | ||||||
57 Interactive | 1,300 | 381 | 0.29 | 0 | 1,300 | -381 | ||||||
96 TSE | 500 | 137 | 0.27 | 0 | 500 | -137 | ||||||
99 Jitney | 500 | 134 | 0.27 | 500 | 131 | 0.26 | -3 | |||||
48 Laurentian | 0 | 22 | 5 | 0.23 | -22 | 5 | ||||||
75 MGI | 0 | 59 | 15 | 0.25 | -59 | 15 | ||||||
98 Gateway | 0 | 100 | 26 | 0.26 | -100 | 26 | ||||||
62 Haywood | 0 | 105 | 34 | 0.32 | -105 | 34 | ||||||
53 Morgan Stanley | 0 | 300 | 90 | 0.30 | -300 | 90 | ||||||
46 Blackmont | 0 | 361 | 93 | 0.26 | -361 | 93 | ||||||
31 Dominick | 0 | 428 | 119 | 0.28 | -428 | 119 | ||||||
70 Berkshire | 0 | 486 | 127 | 0.26 | -486 | 127 | ||||||
13 Instinet | 200 | 57 | 0.29 | 1,000 | 290 | 0.29 | -800 | 233 | ||||
37 MacDougall | 0 | 928 | 251 | 0.27 | -928 | 251 | ||||||
83 Research Cap | 0 | 1,200 | 313 | 0.26 | -1,200 | 313 | ||||||
65 Goldman | 202 | 57 | 0.28 | 2,700 | 750 | 0.28 | -2,498 | 693 | ||||
101 Newedge | 0 | 8,000 | 2,120 | 0.27 | -8,000 | 2,120 | ||||||
25 Odlum | 0 | 9,476 | 3,252 | 0.34 | -9,476 | 3,252 | ||||||
36 Latimer | 0 | 10,000 | 3,200 | 0.32 | -10,000 | 3,200 | ||||||
9 BMO Nesbitt | 430,277 | 119,443 | 0.28 | 445,515 | 122,544 | 0.28 | -15,238 | 3,101 | ||||
72 Credit Suisse | 100 | 28 | 0.28 | 44,754 | 12,119 | 0.27 | -44,654 | 12,091 | ||||
19 Desjardins | 74,563 | 21,345 | 0.29 | 122,619 | 36,172 | 0.29 | -48,056 | 14,827 | ||||
94 Hampton | 428,768 | 125,777 | 0.29 | 486,048 | 143,516 | 0.30 | -57,280 | 17,739 | ||||
64 Octagon | 0 | 100,000 | 26,992 | 0.27 | -100,000 | 26,992 | ||||||
124 Questrade | 48,400 | 12,930 | 0.27 | 165,500 | 53,085 | 0.32 | -117,100 | 40,155 | ||||
88 E-TRADE | 356,600 | 95,082 | 0.27 | 548,846 | 164,950 | 0.30 | -192,246 | 69,868 | ||||
80 National Bank | 224,449 | 60,890 | 0.27 | 433,579 | 118,667 | 0.27 | -209,130 | 57,777 | ||||
7 TD Sec | 927,711 | 254,091 | 0.27 | 1,143,093 | 344,888 | 0.30 | -215,382 | 90,797 | ||||
2 RBC | 2,070,105 | 561,115 | 0.27 | 2,598,643 | 720,538 | 0.28 | -528,538 | 159,423 | ||||
79 CIBC | 258,930 | 70,400 | 0.27 | 1,106,024 | 301,640 | 0.27 | -847,094 |