a theory, page-9

This could be more interesting than we think. Its only been a few weeks when we were told there was huge interest from a number of parties wanting to enter "binding" agreements.

Ok, for whatever reason the JTC gets first prize, albeit non binding, for unspecified but undoubtedly valid reasons.

So what do you do if you are one of the losers, are convinced of the validity of intersuisse broker report, so you still want "in". Despite the sp falling over the last week you know that volumes traded have been small and if you were to attempt to buy any volume, the quantity would sky rocket.

So you negotiate a small placement at a premium. Win win.