JP Morgan issues rumors about paying LESS for BSC, to avoid what happened with Yahoo.

[crgarcia]

Quote from nutmeg:

Offer $2 the shorts cover. Offer $10 they might not. The shorts have voting rights, n'est ce pas?

Shorts don't have any voting rights.

In fact I think that too much shorts reduce the voting stocks:
Shorts borrow the stock from someone long. Brokers in the contract fine print state that they can lend the stock without paying anything to you (if you're long), and without voting rights.

 

[nutmeg]

Quote from crgarcia:

Shorts don't have any voting rights.

In fact I think that too much shorts reduce the voting stocks:
Shorts borrow the stock from someone long. Brokers in the contract fine print state that they can lend the stock without paying anything to you (if you're long), and without voting rights.

Thanks.

 

[Fishbird]

So what is the Fed and JPM now planning to do with BSCs shell ? What did they do in 29?
Or was it only because BSC might have done something stupid with their derivatives position ( like bringing JPM or the whole system down ).

I suppose one more kind of liquidy injection into the dying system after lowering interest rates and giving Treasury bonds out for illiquid subprimes.

 

[eusdaiki]

Set it up in (zimbabwe);
Mash it up-a in-a zimbabwe (zimbabwe);
Natty trash it in-a (zimbabwe);