Noranda Income Fund Unit T.NIF.UN

RE:RE:Institutes sold 4M shares

[Bigbird999]

On Feb 26 the Mornigstar site showed Phillips and Hagar holding 4 million shares (LongLongLong posted it).  So where did these shares go, and when did they sell them?

So far this year there have been 46 trading days.  Average daily volume is about 90,000 shares per day.  Simple math says that the total shares sold since January 1 is 46x90,000 = 4,000,000.  Obviously P&H did not sell EVERY share traded this year,  So how did they manage to liquidate their position?

Is a private placement/sale of shares possible without an announcement?  Could this somehow be tied up to the short attack that was mentioned earlier.....Maybe P&H loaned out their 4MM shares and they have now all been called to cover????

Could somebody who knows about this stuff  please comment and/or offer an explaination.  jkay???

BB