I just posted this on the HCI board, responseTo aquestion there:
This is way off topic so please bear with me, Repap (RPP) on the TSE, owns a pulp and paper mill in Miramichi New brunswick, they do about 640 million in revenue per year. I got interested in them at the same time I bought HCI.
here's the interesting part, TD Asset management owns 170 million shares, CIBC Wood Gundy owns 150 million shares, hmmm, they haven't sold their positions, double hmmm. TD has become very vocal and has removed several members of the board and fired the president, triple hmm.
They have a huge float, a negative, but they have been sitting at 9 or 10 cents for the last six months. Today they popped three cents and then were halted pending an announcement.
My interest is the TD and CIBC angle, those boys don't hold dogs unless there's a bone in the future.
Please accept my apoplogies for posting off topic, its just fun making money, and there is enough in the world for all of us.