RE:491,500 boughtback todayGMT is relentless....Im not entirely sure how many shares they officially own now, but the number is staggering. In 10 years of this, this is the first time I've ever seen this. Obviously they are setting up for something big. I certainly hope we aren’t the ones taking anyone over, but rather vise versa.
The news today is somewhat confusing to me. But i think I get it. They funded the sale of their own asset. Where Gran Tierra Energy International Holdings Ltd. purchased 11M subscription receipts and are to be exchanged for 5.35 times to equal 58.85M shares in PetroTal. And now GTE and GTEIH combined own 45.7% of PetroTal. To me this is outstanding!