Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is an investment company, which specializes in providing long-term capital to businesses operating within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Skyward Specialty, Arena and Arena FINCOs. Skyward Specialty is a diversified specialty property and casualty insurance holding company that underwrites select property, casualty, surety, and accident and health insurance coverages. The Arena FINCOs includes specialty finance companies that purchase fundamentals-based, asset-oriented credit and other investments. Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp

Bullboard Posts

Comment by aeeon Jul 02, 2003 1:45pm

320 Views

Post# 6214734

RE: Low Volume

>Can someone tell me just what our very active trading "friends" at griffiths are doing, or have done for us? {or is it to us?} I think they have been giving their institutional clients a chance to accumulate ahead of a run-up. This has been going on for 9 months now, as the stock slowly rose from $1.40 (CDN) to $2.30. I hope that they will start the actual run-up within a few months. I'm getting bored with this measely 50% return. I want a 1000%!

Another explanation has been that Griffiths is buying and transferring the stock off-market to other brokerages to sell. I tried to find support for that theory, being the skeptic that I am, but it doesn't wash. Significant sales were made by a few individual brokerage houses (anonymous, paradigm, RBC), but the amounts do not add up to the amount of net buys by Griffiths. In addition, insider buying is strong. My conclusion is that much of Griffiths net buys has been for their own house account, pending a strong run-up.