RE:RE:RE:RE:I hope people know Bodiggity is just a paid basher.They bought the shares when they were a Chinese entity.
They then created the Canadian entity and are selling the shares through that entity thus shielding themselves from the Chinese government touching the cash.
I'm not sure of all the intracicies of how it works in China, but all I know is that Chinese and Hong Kong wealthy people are transferring cash to Canada and buying hard assets......parking their money here. Same could be happening with this bank.
They didn't sell at 78 cents because they weren't a Canadian entity yet.
Honestly, who knows.....but either this Chinese bank is the dumbest bank on the planet selling at these losses.....or they are up to something to take advantage of some loophole.
The funny thing is if they just stopped selling, the stock would be up above .50 cents by now. That's how dumb they are.
And NO they aren't panic selling and trying to get out, because if they WERE trying to get out, they would do a "cross trade" and have some brokerage firm here find them a buyer for all of their shares (or most of them) and do a cross trade on the market that wouldn't affect the share price.