GREY:TBTEF - Post by User
Post by
SteelerBearon May 13, 2011 12:49pm
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Post# 18572994
Warrants
WarrantsMy guess is that the warrants were exercised when tbe went north of $3.00, so about two months ago. This selling may be partly those shareholders locking in profits, however, I would think those who intended to flip the warrants did so weeks ago and those who wish to see this thing through are holding like the rest of us possible suckers.
From what I can see online, much of the selling has been from a few houses. Yesterday I believe it was through Morgan Stanley that much of the selling was down (about 1000 every two minutes). There was one other seller (Merrill Lynch?) who was selling 100-200 shares at the same pace. This afternoon its through CIBC, which was a big buyer in March. What we need are those financials. Whoever posted that their broker said they would be out by yesterday should call them back. I am guessing it will be right before the meeting. If it contains bad news then this delay is perfect for the dumpers. Hmmmmmmm.......