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Northstar Clean Technologies Inc V.ROOF

Alternate Symbol(s):  ROOOF

Northstar Clean Technologies Inc. is a Canada-based clean technology company. The Company is focused on sustainable recovery and reprocessing of asphalt shingles. The Company, through its wholly owned subsidiary Empower, has developed a design process technology, the Bitumen Extraction and Separation Technology (BEST), at its Empower Pilot Facility for taking discarded or defective single-use asphalt shingles, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fiber for use in construction products and other industrial applications. It plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at both its Empower Pilot Facility in Delta, British Columbia and its commercial scale-up facility in Calgary, Alberta.


TSXV:ROOF - Post by User

Post by trader53on Nov 24, 2021 1:06pm
247 Views
Post# 34162097

Such a shame...

Such a shame...I have been very excited about the potential of Roof and over a period of time have accumulated a large position. Unfortunately I have watched a huge seller standing on their market for over two months. With a little research it appears the seller has over 7,000,000 shares ( non insider ) and its obvious Roof has no intention of managing its market.I have seen this before and what generally happens is the share price drops much lower than expected. Even if they donot lose their market the fact that the majority of shares will be owned in the mid thirties will only lead to a massive amount of churning. For this reason I have liquidated my position at small loss and will look to reenter at .25... Good luck to all...
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