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General => General discussion => Topic started by: No Golf Clubs at all on 29 October 2008, 12:08

Title: At last a Porsche in my driveway!!
Post by: No Golf Clubs at all on 29 October 2008, 12:08

http://news.bbc.co.uk/1/hi/business/7697082.stm (http://news.bbc.co.uk/1/hi/business/7697082.stm)

Can I now at last say that I own a Porsche?   :laugh: :laugh: :laugh:

One in the eye for the ol' hedge fund muppets who helped get us into this sorry financial state.  :rolleyes:

Title: Re: At last a Porsche in my driveway!!
Post by: Organisys on 29 October 2008, 12:12

75% stake phew, they have done it then.

Title: Re: At last a Porsche in my driveway!!
Post by: orbit48 on 29 October 2008, 21:35

BILLIONS....MILLIONS....TRILLIONS....G-ZILLIONS.....i'm even more confused now than i was to start with ! ! !

Title: Re: At last a Porsche in my driveway!!
Post by: OakeyDoak16v on 30 October 2008, 01:39

"It meant that because Porsche had not declared the proportion of VW shares it controlled, traders may have been indirectly and inadvertently borrowing shares from Porsche, selling them to Porsche, buying them back from Porsche and then returning them to Porsche."   :huh: :laugh:

Title: Re: At last a Porsche in my driveway!!
Post by: haf1zur on 30 October 2008, 14:25

yep, and now, since theres only 5% of the shares out in the market, the short sellers owe porsche or lower saxony or someone who owns the shares 13%

thats what put the value of the shares up, not enough shares out there