GREY:BNKPF - Post by User
Comment by
BrokerGon Mar 13, 2019 11:54am
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Post# 29479064
RE:Sell side that was selling millions of shares last week
RE:Sell side that was selling millions of shares last weekLet me try to clear up woolco's message.
First of all, in the last week or so, one of our institutions sold at least 4 million shares. They may have more to sell, we do not know. The buyer of these share was the market maker or broker "Anonymous". Who cares you say? Anonymous is not a long term shareholder, they will now try to sell those 4 million + shares into the market.
Unless woolco has insider information I do not see us going anywhere until Brock and Anderson well output is released and a funding for future development of the field is announced. If woolco is basing his argument on thin depth at the asks, I think he may be in for a surprise. Anonymous is not going to show the 4 million shares, they will sell over time and keep a lid on prices.