GREY:NATUF - Post by User
Comment by
ruminatingon Apr 18, 2012 3:15am
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Post# 19806049
RE: RE: Kevin Douglas
RE: RE: Kevin Douglas I don't think that was the intent of the question, we know he represents the Family Trust.. I expect the query is why is he adding to the position of the Family Trust and is this a front for a specific purpose such as taking the enterprise private, accummulating as much of the outstanding float as possible in advance of an announcement on the Mactung Strategic Innitiative Committee's report, accummulating on behalf of a third party interested in acquiring the company, accummulating for the purpose of influencing the board/obtaining board representation.... etc. vs merely a speculative play on the future rise of the s.p.
I can think of no bearish scenerio for such activity.... eg covering future short sales.... (eg. although a proxy fight would not necessarily add value.... shouldn't deflate the s.p. ) .... I can't think of any other negative impact of his activity.
Does anyone know who is selling the large blocks that are being bought..... clearly not an insider... are these lots that NTC holds or institutional positions in a mutual fund or other holding?