PINL:NEPTF - Post by User
Post by
gwrbion Jun 15, 2009 1:17pm
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Post# 16071334
Puzzling disposition
Puzzling dispositionJust checked Canadian Insider for insider trading for NTB. Hard to explain why Northern Rivers would have unloaded 75,000 shares at $1.83 on June 4th (the same day as the Bayer announcement).
First of all, 75,000 shares represents a pittance of the millions in shares Northern Rivers own so lets not think they have become sellers (more like balancing their portfolio).
Secondly, in order to unload 75,000 shares they probably had to wait for a high volume day.
Thirdly, I would have thought they were close enough to management that they probably would have known something was imminent. The share price went close to $3 in the days after the announcement, so they left a lot of share price on the table.
Odd, unless the disposition was some internal transferring amongst their accounts.
Any thoughts?