chitter chatter
Well, it is a no-news day, but still interesting to me, as this is the first hostile takeover that I've had the opportunity to observe/experience. Correct me if my math is wrong. I am looking at the demand for shares at 0.40 right now. Nuri said that they would buy up to 5% of the outstanding shares on tsxv. Which would be 0.05 * 52,840,000 = 2 642 000 shares. And they purchased 532,000 yesterday, so that leaves 2,110,000 shares. But the bids are at 5925 lots = 5925 * 500 = 2,962,500 shares, so that leaves 852,500 shares that someone else is going after ($341,000).
Sorry if this is all patently obvious ... or if I have made an error! I am just wondering who the other bidder(s) is/are