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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Post by ekimon Apr 08, 2015 12:57pm
107 Views
Post# 23609232

Dundee hiding in the closet....yet again.

Dundee hiding in the closet....yet again.I believe Dundee resides outside the 5 day insider reporter list.

Either way, they have ceased to become an insider on a reported day of April 2nd, 2015.

That means they own less then 10% of the stock of outstanding shares as of April 2nd.

My calculations indicate that they would have had to sell at least 13 million shares (exclusive of the warrants) to get under that 10% threshold.

No way they intended on exerecising the warrants.

The listed indirect shares for Ned/Dundee was 13,577,495.
and the Direct shares for Ned were 22,143,000.

Theoretically a portfolio mgr at Dundee sold all the indirect shares,etc. and possibly Ned still owns the other 22 million shares still and doesn't have to report them anymore.

That is the only positive outcome...if that were the case.

Otherwise, we are flying blind again with Dundee.

ugh.

LONG...PGD

EKIM
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