RE:RE:Great to see...Hmmm, I could certainly be wrong, and digging further, it's possible that I am.
It wouldn't be the first time I've seen a large shareholder from a company getting taken over sidestep the hold period by funnelling shares into a subsidiary. They often feel stuck in the investment as the big shareholder knowing that the value will tank if they even try to sell a few shares. A buyout gives them an out.
However, given the number of shares that even a subsidiary would now own of BTE, they would still have to report any sale as an insider. Those reports can be delayed, but I would think we would have seen an insider report filed.
There were only 325 million or so shares given out to Ranger shareholders, so that would mean that if Juniper still holds all theirs, pretty much every OTHER shareholder of Ranger sold on June 22/23. This is unusual since shareholders usually have different goals and thoughts about the investment resulting in some selling, some holding/watching, and some in for the long term. But I guess if they were a relatively homogenous group of shareholders, then maybe they all thought to sell immediately?
But they would have had the same opportunity from Feb-June with Ranger shares which were still trading after the deal announcement. it seems odd that they all decided to sell after the deal closed?
I guess I'll watch the insider reports and if there is nothing by next week, it was just the non-Juniper shareholders dumping in unison after closing.
JohnnyDoe wrote: Juniper can't sell their shares. They are locked in. Can sell 1/3, 1/3, 1/3 on 30 60 90 days.
CEO talked about that this week on BNN. He also said they are long-term oil investors with deep pockets