GREY:CBICF - Post by User
Comment by
Actinoliteon Dec 07, 2017 11:39am
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Post# 27109580
RE:RE:RE:RE:RE:RE:Where is the bottom here???
RE:RE:RE:RE:RE:RE:Where is the bottom here???We could probably speculate all day as to their motives for dumping there shares at this pace, but I honestly have no clue. It could be a simple as he wants to cash out a % of his holdings or is in the process of re-balancing Al Sidra's portfolio. Based on the SEDI reports he's about 50% of the daily volume on some days, so this is definitely contributing to the downward pressure on the share price.
From what I can gather from the reports on SEDAR and SEDI, he and two other people from UAE bought into the private placement in Jan 2017. Then they transferred all their shares to Al Sidra Commerical Investments LLC. From what I can tell, Nasser Bin Butti is the majority shareholder of Al Sidra, which is why I'm guessing it's his name showing up on the SEDI report as an indirect sale of shares.
panchyboy wrote: Well put, thanks for that. Was a bit unsure when the best time to average down would be but definitely wanted to see what happens with those warrants.
Whats your take on the guy from dubai constantly dumping his ~45mill shares? (down 10mill from 45mil so far)