Volume and price today August 29Today they have 2.1 Million shares traded all platform. Now it's represent around 2% of the outstanding common shares. So today is a litle bit more than 2% total shares traded and the price is well and no panic sale no rush buy....! In any case the leaders of TGV hides their game because it seems to have left any information that indicate whether or not they have the US$ 30 million loan by Vanderbilt.
First the Management and Insider have 42,088,713 (29.55%)
The Kwena 23% acquisition represent 14 200 000 shares but they have a hold period:
Tango and the Kwena Group have agreed: (i) to restrict the number of Payment Shares tradable on any given day; and (ii) to impose a twenty-four-month escrow period, whereby ten percent of the Payment Shares shall be free trading (subject to a regulatory four month hold period) at closing, and subsequently thereafter, thirty percent shall be released at each six-month interval over 18 months.
Now you see a total of 156 000 000 outstanding common shares and substract 42 000 000 shares because no insider buy or sell in the last fourth month and substract another 14 200 000 (Kwena hold period) So they have around 100 000 000 shares for retail but some institution take a position for sure at June 17 and probably other day from this date.
I'm happy to see that and I hope a big news release soon!!!!
GLTA
Raypar