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Message: Re: TSX final buy-in - 162K shares

Thanks TWG. Does this mean that people are holding shares so tight that someone couldn't get the required amount in time? How did you arrive at the $1.60? Your $160 is looking good!!! Looks like the last lot was @2:58 and the high was $1.50. Do you know how they determine the premium referred to below?

"Upon completion of the Buy-In period, TSX allocates fills on an equal by member basis to the sellers and calculates a price. This price is based on the last board lot trade before 3:00 plus a premium.

Buy-In Price = Last Board lot Sale Price + Premium

TSX manually enters these trades that are cleared by CDS on a same-day basis. Between 3:20 and 3:40, TSX Trading Services will provide transaction confirmations. This process efficiently clears failed delivery trades and helps to maintain overall market integrity."

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