GREY:CAZFF - Post by User
Post by
perdikaoilgason Jul 04, 2014 11:33am
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Post# 22716208
The placement shares canNOT be resold prior to November 2014
The placement shares canNOT be resold prior to November 2014An interesting note from today's PR:
"Prior to November 5, 2014, the Placing Shares cannot be resold or transferred into Canada or to or for the benefit of a resident of Canada on or through the facilities of the Toronto Stock Exchange or otherwise."
So the insiders and the funds bought at C$0.33 and cannot sell their shares until Novermber 2014.
Meanwhile, the production will most likely exceed 2,000 boepd by November 2014 and this production growth will impact the stock positively.