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NEULION, INC. T.NLN

"NeuLion Inc is a technology product and service provider that offers digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices."


TSX:NLN - Post by User

Post by gibbonsjon Jul 20, 2016 8:52pm
259 Views
Post# 25070753

kaynarr: re NCIB as a % of float...

kaynarr: re NCIB as a % of float...If they were to purchase the full allotment of 14M it would represent 19% of the 71M public float. However, since they have only $10M to play with I roughly think they will pick up 9M shares (13%) based on average price of 1.10 assuming the run we're on sticks.  I've been loosely tracking Cormark's purchases since the cc at which time I recall being told they had already picked up approx +800K. If that number is reasonably accurate I figure they have thinned the float by 2M or so shares.

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