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Message: RVX.WT on the preliminary buy in list

Whether conveniently or otherwise, RVX.WT traded for the first time since last Wedensday....a 100 volume trade at $2.90 for a 40 cent drop.

Now if a buy in were to take place, according to the TSX Buy-Ins page:

Upon completion of the Buy-In period, TSX allocates fills on an equal by member basis to the sellers and calculates a price. This price is based on the last board lot trade before 3:00 plus a premium.

Buy-In Price = Last Board lot Sale Price + Premium

When the Buy-Ins happened last year for shares of RVX I noticed the premium was almost always (almost, not all) at a 10% premium.  $2.90 +10% = $3.19.....before the trade of 100 the last price was $3.30 which would have meant $3.63....a 44 cent difference or almot $5,000 on 11,300 warrants.  

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