Homeland Nickel Inc V.SHL

8.1 MILLION CNC.v shares...

[DrNo1962]

SHL.v owns 8.1 million CNC.v shares.  How long and how much would it cost 'someone' to acquire 8.1 million shares of CNC.v?  With a daily volume of 300-400K per day... A long time and a lot more than current approx. market value of $24 million.  Does today's "postponment" have to do with a large player wanting SHL.v's CNC shares?  Maybe they received an offer for all of these shares which would be better for sharholders than distributing via dividend?  Is this possible?

[DrNo1962]

Don't forget... there has also been a *significant* delay in NOB.v finalizing agreement w/ CNC.v to ultimately (as they have committed publicly to do) dividend CNC.v shares to shareholders as well.  Why this delay?  Maybe a big player has also offered NOB.v $$ for their CNC.v shares?   How and why would SHL.v postpone dividend knowing they would have to make some

[Shwayjao]

There's a reason contracts are signed in ink, and not pencil. Postponed is one thing, changing after the fact, well, that's...

[DrNo1962]

For context... Only about 2.7 million shares of SHL have traded since Aug 5th... The first day to sell and still be of record Aug 6th. This repsresnts only about 42,000 shares of CNC.v at original conversion ratio. Certainly wasn't a run for the exit after this AMs announcement. While odd and frustrating there must be a reason they postponed this. They spun out shares last year w/ no issue