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"Hauptversammlung vom 09.05.2007  Neues Grundkapital: 50.000,00 EUR"

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Börsenwert 17500 €  bei 50000 Aktien - ist ja fast nicht zu glauben ? Muß wohl jemand "ein paar" aktien zuviel verkauft haben. Ein paar wäre gut denn zwischen Januar und November 2011 gingen locker 4 Mio Aktien um, allein im Januar fat 3 Millionen - wenn da zum Jahreswechsel ein Buy-In ansteht (Zwangseindeckung) dann aber  nichts unter 5, 6 oder 8 € / Aktie - bei 10 € / Aktie wäre Börsenwert gerade einmal 500k  !

Wieviel sind leerverkauft ? 1 Mio 2 Mio ? Shortsqueeze ?

Buy-in rule on the German equity market

Trade date (TD) : Date the shares are sold.

Settlement date (SD)= TD + 2 trading days

If you are short a stock, buy-in can occur if trade has not settled on SD+5.

The market is not obliged to send a buy in notice.

You have until 1:15 p.m. German time to settle the trade on TD +7 (SD +5).

If you did not manage to deliver the shares at 1:15 p.m. on SD+5 the 'market' tries to buy back your short sale (buy in). The buy-in occurs on an internet based auction between 4 p.m. and 4:30 p.m. (and not on the exchange) Price limit is set at + and - 200% of the stocks previous day close.

A buy-in is successful if the market manages to find the total size to cover the short sale (it is a matter of size not price). The cost for the short seller can be very high but will remain successful for the market regulators.

A buy-in is unsuccessful if the market does not manage to find the total size to cover the short sale. if unsuccessful, the next possible buy in date is ST+ 10 days.