ADY 4.17% 1.2¢ admiralty resources nl.

announcement, page-14

  1. 82 Posts.
    In my opinion, Merrill Lynch never physically bought or sold the stock. They were given the shares as collateral to securitise another loan/investment. Once that investment/loan was closed, the stock was returned to the owner - similar to any margin loan etc. Pretty good sign that Merrill are happy to accept ADY as collaterall.
 
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