ADY 4.17% 1.2¢ admiralty resources nl.

In my opinion, Merrill Lynch never physically bought or sold the...

  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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