borrowed shares, page-2

The question still remains of how should such an announcement be interpreted? One might have thought that the documentation of the loan agreement would be considered confidential and yet it is here publically displayed in fine detail. What is Credit Suisse trying to say by doing this? What has actually happened in the outworking of this share loan?

Has Credit Suisse actually sold out of MIG or just reduced to less than 5%? What of the loan shares?

It has been very clear recently (since 23 Oct) that a big seller has been disposing at around $2.00. The Buy Back dealer's instructions has also been to keep the shareprice at $2.00 or higher. An interesting spectacle has occurred on several occasions when the seller is willing to go just below $2.00 just before the close and the Buy Back want to keep it above. It is also a waste of Buy Back funds. If Credit Suisse is right out then we might expect the Buy Back have some effect again. The ambiguity is frustrating.

Juke