RE:RE:Great to see...Yes, they sold them before closing to avoid the lockup. The shares being tendered are Juniper's, sold to an investment bank and now being sold into the market by this intermediary.
Transaction date is June 20...
uwebb429 wrote: Juniper cannot start selling their new BTE shares for three months. This is part of the agreement they signed. The document you found is just paper work to get the Ranger shares off of Juniper's books since Ranger shares can no longer be traded. They have no value any more. The transaction shows .01 per share which is meaningless.
Lock-Up Period At closing, Baytex will enter into a hold period agreement with Juniper. Of the Baytex shares issued to Juniper, one-third will be subject to a three-month escrow period, one-third will be subject to a six-month escrow period and one-third will be subject to a nine-month escrow period.