GREY:LSTMF - Post by User
Comment by
Alain1601on Jul 12, 2012 4:28pm
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Post# 20108437
RE: RE: RE: RE: RE: Foot lifted off the brake
RE: RE: RE: RE: RE: Foot lifted off the brake re:"....it doesn't help when John Wright owns hardly any Petrobakken shares, but millions of Petrobank shares (so he wants to play that arbitrage opportunity and eventually gain on his PBG shares when they spin out PBN). Not in the best interest of PBN shareholders, that's for sure...."
Well, don't forget that the value of PBG shares is directly related to the value of PBN shares. If PBN SP goes down, PBG SP goes down accordingly. That being said I don't like that PBN shares selling by PBG neither.