GREY:CXSNF - Post by User
Post by
Scotch12on Apr 29, 2017 8:40am
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Post# 26182559
ten percent
ten percentI think the reason you announce that you own 10 percent of the company is so you can start to have some influence on management possibly be allowed to appoint a board member. It doesn't seem strange to me at all.
I agree with Hassel that these guys taking such a large position is a very positive thing. They run hedge funds, they are very sophisticated investors and they have bought a big position in an illiquid stock. They must be confident that good things are going to happen and that there well could be a future buyout.