RE:Volumewaitingstill wrote: I am surprised no one has commented on the massive volume today - almost all due to M$ selling over 700,000 shares. Perhaps everyone is comatosed from Christmas dinner? Or just comatosed from lack of CGX hitting any of their expected events? Hopefully just someone needing a whack of cash heading into the weekend.
Be careful here...It looks like CGX could file for CCAA bankruptcy protection. It has less than half million in cash, but owing over $39 million in liabilities with a big deficit equity position. They owed Pacific E & P ("Pacific") a pile of money.Those Pacific directors - that Company was itself under CCAA protection - bailing out of CGX Energy could mean a filing is near. I believe the lone Pacific director was not involved with CGX beforehand and could stay independent. It looks very much like rats abandoning the sinking ship.