Post by
fiveniner on Oct 26, 2022 8:18am
New BoD member holdings
According to new SEDI reporting, it looks like the new board member, Scott Gardner, has personal holdings (direct ownership) in ALY of 1,081,818. This should be in addition to the Torrent Capital holdings (last reported) of 2,350,000.
If his cost average is anywhere near TORR's ($0.66), he will be personally motivated to get the share price back to where is was in 2021.
Comment by
oilcan2012 on Oct 26, 2022 10:29am
It will be interesting getting to know how he will contribute. Not a lot of background info available.
Comment by
gossamer12 on Oct 26, 2022 12:14pm
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Comment by
fiveniner on Oct 31, 2022 3:26pm
Interesting development. Per SEDI... Scott Garder was granted 350k rights at $0.37. He immediately exercised them all. Seems to suggest that he wants these shares to be able to vote with them. Something afoot?
Comment by
fiveniner on Oct 31, 2022 3:49pm
Hmm... looks like I am wrong on the below. The record date for voting was October 24 and this transaction looks like to occurred on Oct 28. Interestig though why the rights were bought out so quickly and when the exercise price is so close to the actual share price.