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Message: Take over?

Take over?

posted on Dec 22, 2008 06:03PM

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
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