We have asked ISE to stop the IPO yesterday till the financial from DDE have been published. Unfortunately that didn't happen and the IPO got already fully through, even as we have warned the potential certificate holders about the dangers that migth inflict.
It is understable in a way, as DDE published in the meantime very nice financial data which show a bright future for DDE. Excellent work DEL. A long mini future is therefore exactly the tool to have in order to maximise profits in DDE.
As we have warned before we will now rethink the product and set its conditons. This will happen asap. If our decision is to give the product free for trading we will ask ISE that the actual certificate holders of LMLFDDE can reserve their certificates they already bought if they want. LEM also bought a few which we will put on sell. If the decision is a no go then the certificate holders will get their funds back. Nothing will happen without the approval of actual certificate holders. We have the shareholder list and will contact those holders over the message system of ISE as some of you might have capped IM.
Please expect a reaction decison soon.
Greetz
Casper Trebuchet
No comments:
Post a Comment