TSXV:BXR.H - Post by User
Comment by
tjw4on May 05, 2017 1:58am
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Post# 26207138
RE:ANON
RE:ANONAnonymous would not be insiders, as the insiders in this stock are everyday working folk.
Anonymous would be funds that were rewarded with additional shares via the PP.
Example: FUND A agreed to fund BXR for 100k in exchange for 2million shares at 5cents and an option on 1million shares at 7.5c.
This is who would be selling the shares anonymously. It doesn't neccesarily mean its troubling times for the company, it just means patience has run out and funds tend to cut their losses and think they can make a higher % elsewhere than sit on those shares for years hoping for a % that may never come.
If you start to see Jones name on here while the price is low then that is when you know times are tough:
https://www.canadianinsider.com/company?menu_tickersearch=BXR%20%7C%20Blue%20River%20Res