Huabao: Derivative Transactions Too Disclosure
subject of attending on this blog - has suffered a rapid stock-price spend upward lately.
The society put out a press release related to the odd activity inwards the stock.
To quote:
In my world all derivatives tin hold upward bifurcated into a serial of forwards, pose options as well as telephone phone options. (The bifurcation is alas non unique...)
Unless I am false thence she has either
(a) sold her shares using forwards inwards which illustration it is effectively a frontwards sale (she has merely cashed out as well as used fancy linguistic communication as well as derivatives to obscure this fact),
(b) sold the upside of her shares past times selling telephone phone options or
(c) protected the downside of her shares past times buying pose options or
(d) to a greater extent than or less combination of the above.
All of those are bets against her shares inwards to a greater extent than or less aeroplane or other. Of course of report I tin hold upward mistaken, but it seems the CEO is betting against her ain shares using derivatives.
I am too betting against her shares - thence I get got something inwards mutual amongst her.
But non much.
You run into I am merely a guy who reads world filings. She is the controller of the society as well as the sold a chunk of shares inwards 2008, as well as over again inwards 2009 as well as over again recently. She is, on to a greater extent than or less lists, the eighth richest adult woman inwards the world.
And she nevertheless seems to hold upward betting against her shares. Mostly she sells at lower prices.
But whatever: I intend nosotros are entitled to know exactly the nature of the bet that the CEO has taken against her shares.
I am happy to break my bet: I am short. Ms. CHU Lam Yiu, it is your plough to disclose.
John
The society put out a press release related to the odd activity inwards the stock.
To quote:
UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS
We get got noted the recent decreases inwards the toll of the shares as well as the pregnant trading book involved of Huabao International Holdings Limited (the “Company”). Save every bit disclosed below, nosotros are non aware of whatever reasons for such incidence.
We get got been of late notified past times Ms. CHU Lam Yiu, the controlling shareholder of the Company, of her entering into a derivative transaction on fourteen Oct 2011 relating to a long grade of a monetary value equivalent to 94,736,842 shares of the Company amongst a contract menstruum starting from fourteen Oct 2011 to xiii Jan 2013...I get got a unproblematic question: what is the "derivative transaction" that Ms. CHU Lam Yiu entered into regarding over 94 meg of her shares?
In my world all derivatives tin hold upward bifurcated into a serial of forwards, pose options as well as telephone phone options. (The bifurcation is alas non unique...)
Unless I am false thence she has either
(a) sold her shares using forwards inwards which illustration it is effectively a frontwards sale (she has merely cashed out as well as used fancy linguistic communication as well as derivatives to obscure this fact),
(b) sold the upside of her shares past times selling telephone phone options or
(c) protected the downside of her shares past times buying pose options or
(d) to a greater extent than or less combination of the above.
All of those are bets against her shares inwards to a greater extent than or less aeroplane or other. Of course of report I tin hold upward mistaken, but it seems the CEO is betting against her ain shares using derivatives.
I am too betting against her shares - thence I get got something inwards mutual amongst her.
But non much.
You run into I am merely a guy who reads world filings. She is the controller of the society as well as the sold a chunk of shares inwards 2008, as well as over again inwards 2009 as well as over again recently. She is, on to a greater extent than or less lists, the eighth richest adult woman inwards the world.
And she nevertheless seems to hold upward betting against her shares. Mostly she sells at lower prices.
But whatever: I intend nosotros are entitled to know exactly the nature of the bet that the CEO has taken against her shares.
I am happy to break my bet: I am short. Ms. CHU Lam Yiu, it is your plough to disclose.
John
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