GREY:NIREF - Post by User
Comment by
regattadeblancon May 17, 2011 11:00am
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Post# 18587416
Anaconda Shares
Anaconda SharesThey did receive just over 22 million Anaconda shares according to the NR on January 14, 2011. This represents 14% of Anaconda's issued and outstanding shares if I'm reading this right. Which means they have to report their buys or sells. One thing is they have access to capital from any share sales they execute. Of course there will be a hold period and possibly some of these shares will be kept in escrow. Not sure...I would have to read the reports to see just how this was structured. Regardless, the increase in s/p in Anaconda is a good thing and even more impressive while most stocks on the Venture index have been down trending the last while.