REITMANS : LET'S SEE HOW THINGS UNFOLDRET.A shares are pushing up, attempting to break the $1.37 (52-weeks HIGH). Tomorrow's (Nov. 26) Plan of Arrangement hearing, essentially a formality, is most likely to be granted the go-ahead by the Court. As for RET (ordinary or common shares) they have today lifted above the $1.50 (52-weeks HIGH). The next leg-up is basically December 21 (Creditors' vote), hopefully followed by Q3 which could take place on December 23. I am posting below the LEVEL II QUOTE as for current BIDS/ASKS on both common (RET) and class-A-non-voting (RET.A) shares.
| REITMANS CANADA LTD (CA: RET) |
| Last: | 1.53 | | Change: | 0.30  | | Volume: | 45,291 | | Last Trade: | 11:46 |
Level ll Quote | Bid | Ask | | Price | Total Size | # of Orders | Price | Total Size | # of Orders | | $1.29 | 5000 | 4 | $1.50 | 6600 | 2 | | $1.28 | 9000 | 1 | $1.52 | 500 | 1 | | $1.25 | 5000 | 1 | $1.53 | 2600 | 2 | | $1.15 | 3000 | 1 | $1.55 | 600 | 1 | | $1.13 | 2700 | 1 | $1.75 | 30200 | 2 | | $1.10 | 3900 | 3 | $1.92 | 1000 | 1 | | $1.09 | 200 | 1 | | | | | $1.04 | 1000 | 1 | | | | | $1.01 | 1200 | 1 | | | | | $1.00 | 1500 | 2 | | | |
| REITMANS CANADA LTD (CA: RET.A) |
| Last: | 1.28 | | Change: | 0.03 | | Volume: | 61,745 | | Last Trade: | 12:06 |
Level ll Quote | Bid | Ask | | Price | Total Size | # of Orders | Price | Total Size | # of Orders | | $1.25 | 200 | 1 | $1.28 | 10700 | 1 | | $1.24 | 3000 | 1 | $1.33 | 4400 | 2 | | $1.23 | 5100 | 2 | $1.34 | 800 | 1 | | $1.22 | 5000 | 1 | $1.39 | 5900 | 3 | | $1.21 | 600 | 1 | $1.40 | 12200 | 2 | | $1.20 | 500 | 1 | $1.43 | 5000 | 1 | | $1.15 | 2500 | 1 | $1.48 | 100 | 1 | | $1.13 | 1000 | 1 | $1.50 | 6000 | 3 | | $1.12 | 6000 | 1 | $1.69 | 5000 | 1 | | $1.11 | 10000 | 1 | $1.88 | 5000 | 1 | |
It will be a stretch to reach
$2 by year-end 2021, but not impossible.