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Rocky Mountain Liquor Inc V.RUM

Rocky Mountain Liquor Inc., through its subsidiary Andersons Liquor Inc. (Andersons), owns and operates private liquor stores. The Company owns and operates 25 liquor stores in Alberta. The product mix generally offered by Andersons at its retail stores includes beer, spirits, wine and ready to drink liquor products, as well as ancillary items, such as juice, ice, mix and giftware. The Company is focused on locations outside of the urban centers (Edmonton and Calgary) and on specific sites with maximum traffic and minimal competition. Andersons is also focused on store operations and optimizing its operating margin. Its liquor stores in Alberta are located in Athabasca, Athabasca, Beaumont, Cochrane, Devon, Edmonton, Fairview, Fort Macleod, Morinville and others.


TSXV:RUM - Post by User

Comment by SomeGainNoPainon Jun 14, 2021 3:27pm
135 Views
Post# 33382931

RE:RE:RE:Insider sale last week

RE:RE:RE:Insider sale last weekConsider that they may be on the brink of selling at a price soon to be accepted by a potential buyer. Now suppose that the stock price is appreciating too quickly, so quickly in fact that the price (soon to be) agreed would no longer be sufficient for the other stock holders to agree to the sale.

For the buyer, there is a SP above which the deal aborts For the seller, there is a price bracket where the price must stay, for the deal to work.
I think the Byrne family have a part of their shares that can be put to the use of making sure the deal goes through, event though the current price would be under their target range. 

The fact that the shares block had a convenient buyer may also indicate that the future buyer got a cheap chunk of shares ahead of the deal. 

There are suppositions of course.  
 
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