This puzzles me also. I read the Tribune on Sunday, and the Sunday Indo, and learned a bit more than I already knew, but I still don't understand why Quinn needed to (or was forced to) sell 10%. Can anybody explain? Was Quinn aware of the golden circle?Why did Anglo force Quinn to convert his stake and why did he only convert 15% as opposed to the 25% he had built up?
Did the Irish government not have serious concerns at the time in question about the size of the stake Quinn had built up and let Anglo know of its concerns. What caused Quinn to start unwinding his position, pressure from Anglo?
- in the unwind of the CFD, 10% being sold on the market in a margin call would have increased the loss on the CFD and resulted in further margin calls.
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