Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 24-06-2008, 10:26   #10018
Dephormation
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Services: Aquiss.net and loving it. No more Virgin Media, no more Virgin Phone, no more Virgin Mobile.
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
This seems very weird to me; if I read it correctly [noting comments above]

They are moving shares from the "unrestricted line, trading under PHRX, to the Reg S line trading under PHRM".

Ie, Moving shares from the unrestricted line that can be traded without Regulation S restriction, to Regulation S line which cannot be sold to US investors.

Why would they do that? Is it somehow easier to trade as Regulation S shares? Is this associated with the £0.5M shares sold yesterday?

Regulation S has a very poor reputation. I'd have thought you'd want to avoid being associated with Regulation S share trading as far as you possibly could.

Or perhaps that's why I'm in IT not share trading.

Ahh. In general terms, if you were a US company and wanted to flog stock off to people outside USA who would then have no comeback under Regulation S, you'd (presumeably) transfer the stock from unrestricted to restricted, then flog it? [noting I know nothing about share trading]
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