GREY:CATXF - Post by User
Comment by
Accountant007on Mar 17, 2014 10:38am
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Post# 22331147
RE:RE:Insider
RE:RE:Insider
Quite a while back Guistra got in trouble with his foundation because his total ownership went over 20% and he was fined $~70-90K by CRA. Perhaps this is related to him keeping his % under 20%? Maybe he is being issued shares by company soon as consideration for "housing" CCY so this is a planning thing? I am speculating. His cost base is over $.70 (he bought a whack on open market at $.07- now $.70.
I don't see him bailing at this point as he probably has 5,000,000 shares left............but every investor has personal reasons as well as business reasons to buy or sell.