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Message: Debenture trades
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Last month, Anonymous selling, Canaccord buying. They are unsecured but in the event of bankruptcy, debt holders rank higher than shareholders and the way this is structured, the latest debenture is on par with any other debt. My concern is if the debenture holders don't convert and want cash on redemption date which the company can't pay. That's close to $1.4 million a month(1000 ounces of gold) they need to come up with to service the debenture if there's no reason to convert. Hopefully they budgeted for this.

House Positions for C:SGR.DB from 20130417 to 20130517
House Bought $Val Ave Sold $Val Ave Net $Net
33 Canaccord 815,000 57,559,890 70.626 0 815,000 -57,559,890
80 National Bank 310,000 20,372,490 65.718 81,000 5,415,000 66.852 229,000 -14,957,490
59 PI 137,000 9,477,100 69.176 0 137,000 -9,477,100
99 Jitney 120,000 7,831,640 65.264 0 120,000 -7,831,640
75 MGI 107,000 7,741,600 72.351 0 107,000 -7,741,600
85 Scotia 303,000 19,924,960 65.759 197,000 12,657,890 64.253 106,000 -7,267,070
7 TD Sec 125,000 8,776,860 70.215 74,000 4,720,000 63.784 51,000 -4,056,860
44 Jones Gable 15,000 1,050,000 70.00 0 15,000 -1,050,000
93 Toll Cross 10,000 747,500 74.75 0 10,000 -747,500
124 Questrade 6,000 434,400 72.40 0 6,000 -434,400
83 Mackie 8,000 598,800 74.85 5,000 300,000 60.00 3,000 -298,800
2 RBC 2,000 133,940 66.97 0 2,000 -133,940
9 BMO Nesbitt 0 12,000 838,800 69.90 -12,000 838,800
79 CIBC 177,000 11,820,490 66.782 517,000 34,969,770 67.64 -340,000 23,149,280
1 Anonymous 52,000 3,239,510 62.298 1,301,000 90,807,720 69.798 -1,249,000 87,568,210
TOTAL 2,187,000 149,709,180 68.454 2,187,000 149,709,180 68.454 0 0
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