Post by
jcorobow on Sep 29, 2021 2:10pm
Chairman buying 1 million shares
Given that the company isn't currently paying a dividend, why would the current chairman buy an extra 2.5% of the company at market price? Trying to prevent a takeover?
Comment by
Martincat on Sep 30, 2021 9:29am
Where did you get this information jcorobow?
Comment by
jcorobow on Sep 30, 2021 10:03am
https://www.accesswire.com/666077/Early-Warning-Report-Issued-Pursuant-to-National-Instrument-62-103-Acquisition-of-Securities-of-Rocky-Mountain-Liquor-Inc over a million shares purchased from no more than 5 individuals
Comment by
Fansse on Sep 30, 2021 10:12am
Personally, I see it as two folds. One I think it's a battle of ownership. Second, I do think at the current price there is still major upside. Question. What's at stake if they don't increase their ownership? They could get kicked out of the company? The company could be sold not at the price they want?