via Investopedia.org - Market Terms

Some terms used in the market that might help in coming days, since banks have been given carte blanche to seize deposits.

Something mentioned during the Tropic Thunder epic 'Full Retard' clip was 'Swing for the fences.' I presume that everyone holding GBN.V stock is swinging for the fences:

http://www.investopedia.com/terms/s/swing-for-the-fences.asp

A 'buy-in' is what occurs when a brokerage buys all of the available shares at market to settle a failure to deliver. A sell-side broker first sells shares they do not own, and then never delivers the shares, as in GBN.V. Theoretically this would lead to a negative carry in the stock, which could rival the size of the publicly held float.

With derivatives, the negative carry in a stock is the aggregate of equity swaps held against the stock, where the failure to deliver is perpetual and no buy-in occurs. Where the equity was first sold, and the money used to parry in treasury futures.

In the past, buy-ins were seen to occur, not in any major development of GBN.V, but when treasury prices declined. A buy-in can take place over many months, as there might be a complete lack of sellers.

The last major buy-in with GBN.V shares was just at the top of the bond market a year ago. Since then Sprott had sold a chunk of shares of approximately the same size as the trading volume in the shares one day a year later, or that it was only reported a year later.

I would speculate the the reason why this company is managing so badly, especially with robust gold prices and extensive stockpiling, and production curtailed is that the minority controlling interest is exposed to a buy-in.

As long as there are virtually no buyers for the stock, then no buy-in occurs.

http://www.investopedia.com/terms/b/buyin.asp

-F6