Scotia not done selling?Scotia has not been selling for a while. It seems that they do not own any shares according to nasdaq or morningstar institutional ownership information. They had like million shares before.
Now, the share price was at $2.40 today and then they just dumped the shares making the share price go down to $2.30. They could've sold slowly into the bid, yet not sure why they dumped the shares droving the share price down. Since they were not even selling when there were bids at $2.35 to $2.40 range.
Some kind of connection between Waterous and Scotia?
If not, the trader at Scotia must be a rookie. Doesn't make any sense.