RE: Still big selling going on25 Nov 2020 14:52
Greenfingers71 hi, at the initial floatation stock of nil par value is sold to the market, assisted by underwriters. You can see these on Dicky’s spread sheet if he posts it for you. When you purchase the stock you are their exit strategy. In this process the stock is sold into the market via contractors. In the absence of Funds etc, only when ‘all’ of da stock is sold into the PI nominee accounts, is the job complete & ready for the next issuance. Now, the mechanics of the process is another story. Stocks side-channel because the overall ‘value’ of the sold stock, is equal to the bought stock. Which will be calculated by an algo.