RE:RE:Institutional Investor!!@
2muchbread Unfortunately, this one might have adverse impact on share price, in fact this long-term Institutional Investor dumped / sold / released significant shares 14.9 Million, Newport was one of top key major shareholders according to the company AIF so releasing such amount of stocks is not good sign at this time, but it could be change in their portfolios due to O&G industry not the company. Also it could be many other reasons including MGM performance….etc.
The DISCLOSURE states that “Since the last report by the offeror under Part 4 of NI 62-103 in respect of the issuer dated April 3, 2020, there has been
a net decrease of 14,946,419 common shares of the issuer over which the offeror exercises control or direction representing a net decrease of approximately 13.6% of the issued and outstanding common shares of the issuer.