GREY:ALEAF - Post by User
Comment by
AHRBullon Apr 09, 2018 2:33pm
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Post# 27854412
RE:Million of shares to sell soon! Proof inside
RE:Million of shares to sell soon! Proof insideLooks like the .55 support will be sold soon.
Tons of millions of shares to dump.
OMG
AHRBull wrote: Just check all the sedar.com filings.
beside the ~ 97 mio. new and not restricted ALEF shares, their will be about 8.259 millions of CMM escrowed paper soon to be released from lockup. Cheap paper from first time investors. Four River Ventures deal.
May this hit the price back to all time lows?
ESCROWED SECURITIES
As a result of the Transaction on November 9, 2016, there were 13,765,500 common shares subject to a Tier 2 Value Escrow Agreement. There was an initial release of 1,376,550 (10%) of the escrowed securities a further release of 2,064,825 shares on May 9, 2017 (15%) and a further release of 2,064,825 shares on November 9, 2017 (15%). The remaining 8,259,300 shares will be released at a rate of 2,064,825 (15%) every six months thereafter.
At the date hereof, a total of 8,259,300 common shares are held in trust. Computershare Trust Company of Canada is the escrow agent.
| | Securities Held in Escrow | |
| | | |
Canabo Medical Inc. Annual Information Form Page 14 of 22
November 9, 2017 + 6 months = May 9, 2018
another bunge out of the 8,259,300 shares will hit the market.
OMG OMG OMG