Diversified Royalty Corp T.DIV

Alternate Symbol(s): T.DIV.DB.A | BEVFF

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America’s growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.

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Diversified Royalty Corp > Cormark in action

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Comment by Safetraderon Nov 16, 2022 4:39pm

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Post# 35104763

RE:RE:Cormark in action

The offering is 14M shares at 2.80 plus overallotment of 2M shares they can access in part or in full for market stabilization or keep / resell. They normally use a portion to prevent the price to go south.
Main reason they bought to resell to other brokers or large customers and of course they wouldn't want us to dump and bring price down.

I don't think there is any issues for Cormark because they initiated a request to get 10M $ of extra shares. Pretty sure they don't want price to drop below $2,80 for now. Thye are probably getting a commission 2-4% to sell them.

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