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Genesis Land Development Corp T.GDC

Alternate Symbol(s):  GNLAF

Genesis Land Development Corp. is a Canada-based integrated land developer and residential home builder. The Corporation is engaged in the acquisition, development and sale of land, residential lots and homes in the greater Calgary area. It operates through two segments: land development and home building. As a land developer, Genesis acquires, plans, rezones, subdivides, services and sells residential lots and commercial and industrial lands to third party developers and builders, and sells lots and completed homes through a wholly owned subsidiary, Genesis Builders Group Inc. (GBG), its home building division. The land portfolio is planned, developed, serviced and sold as single-family lots and townhouses, multi-family and commercial parcels. It designs, builds and sells homes on a significant portion of its single-family lots and townhouse land parcels. It also acquires single-family lots from other land developers to build and sell single-family homes in additional CMA communities.


TSX:GDC - Post by User

Comment by Northforce13on Dec 20, 2021 12:06pm
123 Views
Post# 34247129

RE:Garfield Mitchell and Mark Mitchell

RE:Garfield Mitchell and Mark MitchellOne probability is that they have been supporting the share price through their purchases in order to ensure that everyone exercises their rights.

Now that the date for the rights is passed (17th?), we will know whether the above is indeed the reason for their purchases if their purchases do not continue.

And if so, it just means they were trying to prop up the share price to ensure everyone gets suckered into exercising their rights and buying shares.

Then we end up with tons of people owning more shares than they would otherwise want to, thinking that they will just sell them at > 2.00 and pocket the profits... problem is there are so many of them wanting to sell...

Guess we will see if this line of possibility above is close to the truth or not.

GLTA
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