Glacier Media Inc T.GVC

GLACIER

[BLUEBERRY5]

$0.20 is in my view a bottom price offer, perhaps $0.30 is possible.

Melville (CEO) bought extra shares in March 2024



GVC's insiders trades

 

As of 11:59pm ET May 17th, 2024

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	Volume or Value	Price
Mar 29/24	Mar 27/24	Melville, Mark Thomas	Direct Ownership	Common Shares	10 - Acquisition in the public market	54,000	$0.095
Mar 29/24	Mar 27/24	Melville, Mark Thomas	Direct Ownership	Common Shares	10 - Acquisition in the public market	48,500	$0.100
Dec 18/23	Dec 15/23	Melville, Mark Thomas	Direct Ownership	Common Shares	10 - Acquisition in the public market	68,500	$0.105
Dec 5/23	Dec 4/23	Smysnuik, Orest	Control or Direction	Common Shares	10 - Acquisition in the public market	100,000	$0.131
Nov 23/23	Nov 22/23	Melville, Mark Thomas	Direct Ownership	Common Shares	10 - Acquisition in the public market	51,000	$0.100
Nov 17/23	Nov 17/23	Melville, Mark Thomas	Direct Ownership	Common Shares	10 - Acquisition in the public market	50,000	$0.100

52-weeks HIGH now $0.22 and will drift below $0.20 in June 2024.

There are (2) buyers for 70,000 shares at $0.095 and (4) sellers for 531,000 shares at $0.10 as of today's (May 17, 2024) closing.  If the 531K shares get cleared, there could be a quick rise to even $0.20, either on a formal announcement or in anticipation of soon-to-happen going private or takeover by MADISON.

Whatever happens, GVC is a pure meltdown story, which i hope minority shareholders will take a lesson from such downfall, just like TORSTAR.

When a stock falls to $1, you dont cross your arms and keep beyond hope that a turnaround will happen,  You especially dont wait until the share price crashes to $0.50 without raising red flags and not putting management on the grill.  The CRA (Canada Revenue Agency) matter is the main contributor of GVC's collapse.  Near $100M of shareholders' money has been wasted.  Would have minority shareholders taken the bull by the horns several years ago, a $0.50 to $1 offer could have been possible.

[buysell888]

it's astonishing to me that no other insiders buying atb thgis price other than a pittence by CFO last year...I bouight more than he did last year! .20 cents would be nothing to celebrate other than it's not zero. Not sure a buyout by any entity will happen before the CRA issue is cleared up (which could still take a year) or it would be simply gambling by an acquirier...what a debacle