Can anyone figure out where the increase in HRP float is coming from?
The company did not reply to my request.
The reason that I ask is that a 50 million share increase equates to a 25 million share buy order on the Bovespa.
By the looks of the volume in both markets, this is not happening.
EG; today
So far between the pinks and TSXV they have traded 525,000 shares
The Bovespa has traded 440,000 shares.
This means that if the HRP selling was being offset by HRTP3 buying than the HRP trades would be buying more than half the stock traded on the Bovespa.
This does not appear to be the case IMO. So where is the stock coming from?
Anyone? Gusmarin?