GREY:CRXEF - Post by User
Post by
janzsteveon Apr 09, 2011 4:34pm
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Post# 18409515
Dundee
DundeeThey have 3 seperate accounts controlled by Ned Goodman, who is the president and ceo of dundee. They originally got 5.5 million shares at 15 cents and have 5.5 million warrants priced at 15 cents that expire in june 2012.
They have all the warrants left (5,500,000) and have 2,515,000 common shares left in 3 separate accounts. The account he has been selling has 195,000 left. He will be getting under 10% real soon so won't have to report anymore. My guess is he wont be in a rush to exercise any of those warrants as lots of expiry time left. Have to remember he helped the company out back in the early days. Selling now at more than a double makes sense for him. Hurts for us but i think he will be done soon.Sure hope the rumor of Hunter Dickson is true. Them and Franco Nevada add allot of comfort to this deal for us shareholders.GLTA