GREY:PEYTF - Post by User
Post by
toto3321on Mar 26, 2015 2:55pm
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Post# 23565457
Anonymous...
Anonymous...These guys, whoever they are, are selling their plt shares (killling the sp in the process) while buying the debenture. This might actually be wise, if you believe they'll be able to repay their debts. Could also be wise if you think they'll cut the distribution soon...
As of march 15th, there were more than 3 millions shares shorted on this stock (5.5% of the float; https://www.investorpoint.com/stock/PLT.UN%3ACA-Parallel+Energy+Trust/share-information/). With the usual low average volume per day, short covering could turn out to be very interesting also....
You gals/guys have any thought on this?
Best,
toto