RE:RE:RE:RE:RE:RE:RE:Pipestone, so quiet of lateMaxmoe
I suggest u read the NCIB notice for Pipestone (see below). Pipestone can only purchase a certain number of shares per day and FYI they cant uptick the bid which makes 10% almost impossible unless there was intense and lengthy sellong volume. Unlikely block for trade here given most investors are retail outsife of core holders. I think that is why tue company eyed a $50M SIB to compliment.
"The total number of Common Shares Pipestone is permitted to purchase is subject to a daily purchase limit of 156,214 Common Shares, representing 25% of the average trading volume of 624,856 Common Shares on the TSX calculated for the six-month period ended October 31, 2022 excluding 5,107,800"