GREY:PGDIF - Post by User
Post by
ekimon Jan 08, 2015 12:20pm
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Post# 23298439
half million bid at 15 cents
half million bid at 15 centsSee if anon comes a selling.
I figure Anon has sold close to 6, maybe even 7 million shares over the last 2 months.
We know they are not an insider.
So before the rights offering. They could have up to 9.9% x 142 million shares.
Equates to 14 million shares.
Proceeding with the rights offering and then dumping at 15.5 cents makes no sense to me.
So, we can assume they could theoretically have 7 million more shares (14 minus 7) that would be the limit.
If they did do the rights exercise. Looking at close to 21 million shares. Meaning they could still have up to 14 million.
I'm going to default to the first assumption and that would imply (based on what we know) that they at least half way, and probably more in divesting their position.
LONG...PGD
EKIM