GREY:RDEMF - Post by User
Post by
GuyInPhoenixon Sep 11, 2015 11:53am
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Post# 24096384
Addl shares of CB Gold Purchased
Addl shares of CB Gold PurchasedHere is a link to a Sept 10th news release:
https://redeaglemining.com/news/?pg=1&nyy=2015&nid=143
It indicates that the Red Eagle purchased another 298,000 shares of CB Gold, which brought them to a total of 474,000 shares.
My thoughts... the size of the purchases, relative to the total number of shares outstanding, is not the key here. They are simply trying to accumulate an incremental number of shares to help push them over the necessary threshold for the buyout bid.
It will be interesting to hear how the hearing went and how the buyout is ultimately resolved.
Have a good weekend, all.