Sheldon Inwentash...
PineTree are serious resource players. This is good news folks.
Today was a textbook pullback off a huge run. Ignore the offers at the end of the day. Just trying to scare you out. If you really want to sell that size you do it in batches or ice the order. CTE going higher.
Ms. Jan Crawford reports
SHELDON INWENTASH ACQUIRES COMMON SHARES OF CENTRIC ENERGY CORP.
Sheldon Inwentash, through a series of transactions ending on Aug. 5, 2010, acquired ownership of 926,794 common shares of Centric Energy Corp. through the facilities of the TSX Venture Exchange, representing approximately 1.3 per cent of the total issued and outstanding common shares of Centric as of Aug. 5, 2010. As a result of this transaction, Mr. Sheldon Inwentash and his joint actors collectively held, as at August 5, 2010, an aggregate of 8,646,794 common shares of Centric, including the Common Shares and rights to acquire an additional 1,500,000 common shares of Centric upon the exercise of convertible securities (collectively, the "Convertible Securities"). Of these totals, Mr. Inwentash owns 1,526,794 common shares, including the Common Shares directly. In the event that the Convertible Securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 10,146,794 common shares of Centric, or approximately 13.5% of all issued and outstanding common shares as at August 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. The 1,526,794 common shares directly held by Mr. Inwentash represents approximately 2.1% of all issued and outstanding common shares as at August 5, 2010.
These transactions were made for investment purposes and Mr. Inwentash and each of its joint actors could increase or decrease their respective investments in Centric depending on market conditions or any other relevant factor.