RE:Pinetree, our largest shareholder, in the financial doodoo
hoov wrote:
Pinetree trades are marker trades because they are a Significant Shareholder (holding 10% or more of the voting power, on a partially diluted basis). They are not an insider, even though the marker list is called an insider trade list.
Pinetree has a debenture that requires them to not exceed 33% of their assets, as total debt.
https://vancouverventure.blogspot.ca/2013/08/pinetree-we-have-problem.html
Pinetree is almost certainly the seller.
Lar
Thanks Hoov, that does make a fair bit of sense. I've looked at Pinetrees financials and on a cursory look...well, I see a lot of red ink.
Did we ever get confirmation of the totals that Sheldon owns and what Pinetree owns? It seems to me they are being double reported.