GREY:INNHF - Post by User
Post by
production05on May 27, 2015 2:07pm
132 Views
Post# 23770383
Pinetree has a debt repayment due on June 5th
Pinetree has a debt repayment due on June 5thThis is likely the reason behind Northair`s selling pressure - Pinetree raising cash again. All of the selling (again today) is being done through Anonymous and Haywood - as is usually the case with Pinetree/Inwentash.
It`s surprising they did have Northair shares to sell, after selling aggressively for such a long time.
``On June 5, 2015 (the "Redemption Date"), Pinetree will redeem $10 million of the $44.822 million aggregate principal amount of Debentures currently outstanding......``
https://www.marketwired.com/press-release/pinetree-capital-announces-further-10-million-partial-redemption-convertible-debentures-tsx-pnp-2015004.htm