OTCPK:EUCTF - Post by User
Post by
kidl2on Aug 02, 2018 1:27pm
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Post# 28405483
Insider Holdings
Insider HoldingsJust something to keep in mind ...
Rowlands: ~3 Mil shares (prior to March 15)
Reinis: ~1.4 Mil (They may be long gone)
SICPA: 11.8 Mil shares
Rowlands and Reinis may have already sold as both no longer need to report their trades but SICPA is still the elephant in the room with an average cost of around $0.15/sh.
They just gained some $3 Mil and maybe (a lot) more in light of the 3 year extension by buying back the royalty at a 50% (plus) discount. They might be tempted to now offset part of this gain by taking the roughly $1.3 to $1.5 Mil loss on their shares. That is if they can find a buyer at or near current levels.
Ideally (for longs) they find one or a group of buyers and transact via crosses but if they don’t and go into sell mode, this could become a very hard to overcome overhang.
Caveat: I obviously have no clue what SICPA has planned for their 12% of EUO but I can’t see any reason why they would hang on to these shares.