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Merus Labs International Inc. Message Board

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  • kauaihawaiiguy kauaihawaiiguy Dec 13, 2003 11:26 AM Flag

    Outstanding shares & Options

    The question then becomes ..... Who is/are CDS & Co? The December 8th doccument that you refer to states that the company does not know who the benificial owners (CDS & Co.) are. And why does one company that Envoy management says they don't really know own 82% of the outstanding shares?

    Anybody want to comment on this?

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    • CDS is not really the owner of the stock, but the clearing house for most stock transactions in Canada. They show up as the owner for most stocks held by small investors unless the investor registers his shares with the company, which most don't. Hope this helps.


      Canadian Depository for Securities Limited
      http://www.cds.ca/cdshome.nsf/Main-E?OpenFrameSet

      Reliable and secure
      As Canada's national securities depository, clearing and settlement hub, CDS supports Canada's equity, fixed income and money markets, holding over $2 trillion on deposit and handling over 45 million securities trades annually.

      An international gateway
      CDS settles over 12 million cross-border transactions with the U.S. annually and has custodial relationships with the Depository Trust Company, Japan Securities Settlement & Custody Inc. and Euroclear France.

 
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