The Bank of New York Mellon Corporation Message Board

There was a time when I would take him of my ignore list for laughs, but I eventually began to see him as a victim of his own paranoia.

We are talking about less than 26 million new shares. Yesterdays volume was 33 million shares. Three month average volume is over 9 million per day. I don't see this as a major problem

I thought our main source for laughs was sambu dasn't know zip.

With GS' expertise in hedging etc. they probably can profit no matter what price.... However, I wonder if this "forward purchase" approach to marketing the 700 mil shares doesn't leave BK with a cloud of overhang uncertainty for the next few months. It looks as though GS doesn't have to market the shares at any particular time and BK has received their payment... Is that right? So this offering could hang over the market's head for long time theoretically... Is that right?