Pierre Dufont Investment

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AVAILABLE ON REQUEST.

Verified by Serjo U. Berendas.

Traders Eduore Laret, Jonah Hamell and Naya made a deal at approximately 7pm of 06/04 with Pierre Dufont. They short sold approximately 2000 shares of The Wayrest Standard Steel Company at 625 Gold per share. This amounted to 1.25m Gold in total, and including Dufont's broker fee, it's 1.275m gold.

The detail of the trade involves Pierre finding a lender who owns enough stock. The GCTC traders lend the stock and immediately sell it at 625 a share. If the price moves down, they take the profit and buy their shares back, giving them to the initial lender (Who breaks even) and pocketing any difference made. If the price rises, they buy and return to the lender and pay him for any losses.