GBN.V Key Statistics - via Bloomberg

As I had mentioned, the financial statistics outlined in the Bloomberg quote for GBN.V give a unique outline as to how the company is valued, based on derivatives using the Black Scholes model.

Anything and everything in the context of derivatives has been regulated to conform with mathematical requirements in the calculation of value. Value is a matter of mathematical calculation rather than price discovery. Its been this way since derivatives became widespread in use since the 1990's.

One line that grabs my curiosity is the percentage of shares short in the prior month. Thank-you Bloomberg, this makes a fair appraisal of the number of shares sold short in the prior month due to derivatives, rather than short sales by borrowing shares or naked shorting.

I consider this fair in the context of investing. IF this is happening, then you need to know. The number of shares short in the context of shares sold into the market for hedging or arbitrage purposes:

Shares Short (% prior month) 54.8303%

http://www.bloomberg.com/quote/GBN:CN/key-statistics

What that means is virtually ALL of the shares not held by insiders, Sprott or Resolute are short. Should the company realize value by paying dividends, then probably ALL of these shares will have to be bought back.

-F6