RE:RE:Boy, wouldn't it be nice to come out of Beaver Creek...I don't think Waterton is gone. Frank Lagiglia didn't think so when I last spoke to him a month or so ago. I sensed it was no longer something they focused on. Waterton sold heavily in the June to August period a year ago. That's when the price was higher and volume was too. Once they dropped under 10% or so, they no longer had to file reports and they ceased news releases from what I could tell. I recall looking into it and posting when they disappeared from the Investor Presentation around May or June of this year, I would guess.
Around that time, I suggested NUG buyback Waterton shares into the treasury. They could be used to resell to an investor, or satisfy options or warrants. I was told that the institutional investors wanted the cash to go into drilling and not buybacks. I accept that.
But, I was told management did have a plan to deal with Waterton, and to wait and see. I think I posted about this situation last Spring.
I didn't realize Waterton had rejected a block share trade.
I encourage everyone to brainstorm and share your best ideas.