RE: 4th quarter................................... It's difficult to arrive at any conclusion for the 2 million shares traded.. Monday Feb 27 had 885,000 shares traded. CIBC the buyer wih RBC the seller. It all happened within a 14 minute time span. Maybe some structure here. If it was planned, I would have seen a one transaction deal.
For example. A shareholder calls a broker (or even the company) saying got 1 million shares I wish to purchase of Futura. Then the broker or whovever calls around to see if a seller exists and the deal is made in one shot. Or it could have been a transfer of shares between two shareholders who know each other.
But on Tuesday, there appeared to be different sellers and lasted throughout the day. Probably not planned in that case. CIBC continued with its buy order from the opening bell. BMO was the first seller.
TD was another large buyer who entered later that day. Maybe these orders were genuine with sellers coming to meet the buyers. The large buy orders were placed ahead of any sell orders.
But then what conclusion could have been arrived at on Feb 8, 2011 and then on May 26, 2011 when 30 million and 8 million shares were traded those days? On Feb 8th nobody knew that Futura would offer Aeroplan to car dealers. And even when the news release came out, that day saw only normal trading. The company was not making any profit last year either. The stock since has tracked lower.
It's all mystery to me. Yet 120 million shares were traded in 2011 at an average of 3.5 cents.