Gold/Mining/Energy : Sarissa Resources, Inc. (SRSR)


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To: PCskibum who wrote (763)4/19/2012 8:25:31 PM
From: sense of 3431
 
Yes, CSTI got bought up by Canaccord... and it is now Canadian owned, and a wholly owned subsidiary...

Both Credit Suisse and Deutsche Bank were former CSTI holders that had previously reported selling off their CSTI interests... that done a while back...


What that actually means as far as its impact on any one position, or reconciling accounts, etc. ? One guess is probably as good as another ? Any answer that you come up with would be "speculative"... given the near total lack of adequate transparency in their public reporting...

There's an at least even chance, I suppose, that CSTI was accumulating the positions it had only as they were designed to be useful... when having the accounts reconciled through the transactions that did occur ?

So, perhaps the CSTI deal was an obvious if backhanded method of Canaccord conducting an end around the CTO in addressing some outstanding balances in a trade that was conducted relative to some position held in B.C... that they couldn't address in any other way ?
Who knows...
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