Pershing Aust P/L
takes 20M shares at 5.28c for $1M cash to POS
straight into the top 10 holders list by golden parachute at a SP way above current SP.
Pershing is a subsidiary of guess who =
Bank of New York Mellon (BNYM),
the same major holder/major creditor & sole creditor committee controller of MBN!
They have US$1.5T AUM
"Part of the BNY Mellon Family
In 2003, Pershing was acquired by The Bank of New York, the longest-lasting financial institution in the United States. Alexander Hamilton had founded the bank in 1784, had written its constitution and guided the organization through its early stages. The bank opened for business at the Walton House in Lower Manhattan on June 9, 1784, only a few months after the departure of British troops from American soil.
In 2007, the merger of The Bank of New York and Mellon Financial Corporation formed BNY Mellon. Today, BNY Mellon is the Investments Company for the World, providing Pershing and all its clients the backing and resources of a global leader."
"As a business-to-business provider, we provide global financial solutions to advisors, broker-dealers, family offices, hedge and '40 Act fund managers, registered investment advisor firms and wealth managers. We help our clients power their businesses and maximize opportunities because they can rely on our industry expertise, our innovative solutions and our powerful technology. We provide insightful solutions that help create a competitive advantage for our clients—so they can help provide a more secure financial future for their clients. At Pershing, we never forget that all of our relationships are personal. Every employee we have, every action we take comes back to one core commitment: a personal investment in your success. Learn more about how you can power your business with our integrated solution set, including:
Pershing is a Major holder in many Aust small cap funds & miners esp gold:-
Top 3 holder in International goldfields
Top 20 Beach energy
Top 9 Vector resources
Top 9 ellerston capital
top 7 avalon minerals
top MBN creditor and major holder, the marshalling creditor
Now taken a stake in POS in 1 full swoop as an SI...wow!
Maybe they have followed TB onto POS from MBN and will fund this to a 27 bagger just like they did with MBN then takeover cheap just like MBN
Just when I thought Tsingshan was the boss, in come BNYM to further compete with Tsingshans stake in POS.
Great news. A new large Insto with massive funding resources.
Maybe these were the financiers fredy & antonswig & I were talking of or sitting next to at the 2014 AGM.
The MBN major shareholders are piling into POS cheap!
Great news, they are bullish on NI stocks and are proving that POS is the one to be in right here.
They are the USA & global leaders of US bondholders and shareholders.
Follow the leader!
They obviously love NI stocks and love MBN & POS.
Massive news ignored by the market.
Questions remain-
- why take such a large stake at such a high SP well above the 3-4c now?
- why reveal now & not wait till October
- POS doesnt need any capital till December so why now?
- what is the other unmentioned purpose (there always is one), finance, cash, ramping, bullish on NI at record low SP & NP
- why take POS shares when MBN is a major problem unless its not and its all a planned move to make large fortunes
- how did they get the investment tipoff to go with POS from MBN? Did they read TBs posts on MBN & POS or another connection?
- why do posters ignore the great news this represents
- will they build a cheap stake at 5c to what SP and to the stake of the other Instos of 5-10%
- will their herd followers like Abbott, Pioneer, Guggenheim and Jewfish worldwide follow them into POS also like they did into MBN?
- is there a relationship with their investment in MBN & now in POS, a strategy
To the downsayers, this is major news that global leaders want cheap POS shares, who is Ong compared to this major Insto with US$1.5T AUM! They can singlehandedly fund and take shares. Taking shares here is a very positive LT future sign for POS.
Time maybe up soon for POS cheap shares, the signs are coming thick & fast.
A brillioant secret move, the naysayers were wrong
WHo called a NRRI cheap CR at 3c sentaor...you and others were dead wrong
I was right once again! A large internal CR to an SI cheap. But this one is a stayer, leader, herder and accumulater.
The herd is coming our way, a stunning move, a Rockefeller move. AF will be impressed.
POS is the new SIR
POS is the 3rd Force in NI Ore.
POS has found the new NOVA.
BNYM believes in it
Tsingshan believes in it
AF believes in it
Legends RD & NH believe in it.
Follow the leader.
POS Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
(20min delay)