Everton Hi all, just been looking at the situation with EVR selling:
| Escrow | | | |
| 6,000,000 | Escrow Opening | | |
| -300,000 | 21/05/2010 | Release | |
| -300,000 | 21/11/2010 | Release | |
| -600,000 | 21/05/2011 | Release | |
| -600,000 | 27/11/2011 | Release | |
| -900,000 | 24/05/2012 | Release | |
| -2,700,000 | Released | | |
| 3,300,000 | Escrow Closing | | |
| -900,000 | 21/11/2012 | To be released | |
| -2,400,000 | 21/05/2013 | To be released | |
| | | | |
| Sold | | Proceeds | Ave SP. |
| -600,000 | to 31/10/2010 | 277,977 | 0.46 |
| -1,200,000 | to 31/10/2011 | 814,486 | 0.68 |
| -335,000 | to 31/01/2012 | 244,705 | 0.73 |
| -265,000 | to 30/04/2012 | 199,729 | 0.75 |
| -2,400,000 | Total Sold | | |
From the EVR data; of the 2.7m released from Escrow, it looks like they have sold out 2.4m shares. From May time on they likely had 300,000 to hand, but these may well have also been sold now. We might then be through the EVR selling for now. Next release is 900k shares in Nov, with the big one 2.4m following in May 2013. If major selling of FMS continues it is probably not EVR now, but we are not short of cheap paper. From EVR MD&A to Apr 30th they had cash of $402k, add in the revenue from 300k FMS stock, maybe around $600k cash minimum. They may well have some stock still to sell from NQ, Strike and Nemaska? They have been spent $325k 3 months to 30/04 (50% down on same period 2011), so they may well have around 6 months cash to hand. Looking like they will need a PP to me, if not it is pretty clear they will be back to heavy selling of FMS from end Nov. Short-sighted imho.
FMS - Roll on the 'game changing' PEA, not too long now i hope.