HopalongPetrovski
I'm Spartacus!
Oh well. Hope they can get their books to balance at the end of the day.Anyone got any clue on this after market trade for 2 billion, 147 million, 483 thousand, 648 shares that is classed as ETXT which apparently is an ETF special trade (some weird symbols not on my keyboard) cross trade?
I note that it does not specify a unit price for this transaction or a value which if was at 42 cents would be 901 million, 943 thousand,132 dollars and 10 cents. So I am assuming this is an Exchange Traded Fund that held our shares and is selling/ transferring/ lending/ magically transmogrifying over 2 billion of our shares from one place to another in a single transaction for some worthy reason?
Wow, if I did that sale my brokerage fee alone would be $992,137.45cents.
And heavens to murgatroid, I shudder to think what my CGT liability would look like!
Would probably have to spend a year dead for tax purposes.
I've seen this a few times on NABTrade, and it seems like it's some sort of balancing error. 2+ billion shares is more than the whole company has on issue, so it can't be a trade.
After all, they're only slightly out!
And that it relates to nothing of any great import................not like that time that cat at NASA or JPL or somewhere accidentally substituted miles for kilometres (or vice versa) and wound up crashing that probe on Mars instead of the nice soft landing they were trying for. ooops!