RE:why did someone buy 250,000 shares in the public market?On March 06, there was only 2 brokerage houses showing purchaces of 250,000 shares or more, one being RBC (268,500) and TD (302,219), however the Net amounts for the day indicates RBC having a positive Net of +54,449 and TD a negative Net of -89,558.
I have examined the individual transactions for both brokerages on that day and there was no block purchace of 250,000 shares at one time. Instead the sales were sporatic throughout the day.
I am curious as to what indicators you have to suggest that 250,000 shares was purchaced by 1 entity?
| House Positions for C:TNY from 20180306 to 20180306 |
| 2 RBC | 268,500 | 280,281 | 1.044 | 214,051 | 222,283 | 1.038 | 54,449 | -57,998 |
| 79 CIBC | 58,655 | 60,526 | 1.032 | 15,350 | 15,996 | 1.042 | 43,305 | -44,530 |
| 9 BMO Nesbitt | 75,940 | 79,214 | 1.043 | 55,607 | 58,192 | 1.046 | 20,333 | -21,022 |
| 58 Qtrade | 20,250 | 21,240 | 1.049 | 6,000 | 6,280 | 1.047 | 14,250 | -14,960 |
| 80 National Bank | 8,500 | 8,760 | 1.031 | 0 | | 8,500 | -8,760 |
| 88 Credential | 4,595 | 4,731 | 1.03 | 0 | | 4,595 | -4,731 |
| 13 Instinet | 168,500 | 175,308 | 1.04 | 165,500 | 173,060 | 1.046 | 3,000 | -2,248 |
| 22 Fidelity | 3,050 | 3,145 | 1.031 | 200 | 208 | 1.04 | 2,850 | -2,937 |
| 28 BBS | 1,600 | 1,669 | 1.043 | 0 | | 1,600 | -1,669 |
| 89 Raymond James | 1,057 | 1,088 | 1.029 | 0 | | 1,057 | -1,088 |
| 76 Industrial Alliance | 1,000 | 1,050 | 1.05 | 0 | | 1,000 | -1,050 |
| 99 Jitney | 14,000 | 14,589 | 1.042 | 14,000 | 14,710 | 1.051 | 0 | 121 |
| 83 Mackie | 19,000 | 19,700 | 1.037 | 19,000 | 19,598 | 1.031 | 0 | -102 |
| 36 Latimer | 167 | 173 | 1.036 | 1,312 | 1,353 | 1.031 | -1,145 | 1,180 |
| 68 Leede | 0 | | 2,500 | 2,600 | 1.04 | -2,500 | 2,600 |
| 124 Questrade | 23,366 | 24,424 | 1.045 | 28,221 | 29,150 | 1.033 | -4,855 | 4,726 |
| 1 Anonymous | 36,300 | 37,782 | 1.041 | 44,200 | 46,281 | 1.047 | -7,900 | 8,499 |
| 85 Scotia | 53,119 | 54,744 | 1.031 | 77,000 | 80,899 | 1.051 | -23,881 | 26,155 |
| 19 Desjardins | 10,350 | 10,463 | 1.011 | 35,450 | 36,477 | 1.029 | -25,100 | 26,014 |
| 7 TD Sec | 302,219 | 314,987 | 1.042 | 391,777 | 406,787 | 1.038 | -89,558 | 91,800 |
| TOTAL | 1,070,168 | 1,113,874 | 1.041 | 1,070,168 | 1,113,874 | 1.041 | 0 | 0 |
RickyNakamoto wrote: Something has been bugging me lately.
On March 6th, a single person bought 250,000 shares of TNY @ $1.04
if a person has $250,000 to invest, why not buy the Private Placements @ $1.00 instead?
Here are 2 possible reasons i came up with:
#1 Reason:
Easy flip... The person who bought 250,000 shares @ $1.04 is has the freedom to sell them for a quick profit (unlike PP holders) in a short amount of time, when the Margarita Cocktail and Coconut Rum is released very soon.
Investors who bought private placements are restricted from selling these shares for 4 months. It's very possible to see sudden gains within 4 months. Common share holders have the opportunity to buy in the low $1.00's and sell them at higher prices for quick profits.
#2 Reason:
Possible oversubscription. There is a lot of demand for these private placements. It's quite reasonable to believe not everyone is going to get their orders filled. This can cause sudden demand to buy the common shares and see higher share prices for a quick profit.
#3 Reason ? Anyone else on the board care to speculate ?
Full disclosure: I own a very large amount of TNY. I am not an professional or expert. What i say are just my options and observations. Do your own due diligence and contact a professional or expert for advice before buying any stock.
I apologize for any poor grammar and spelling in advance.
good luck and have fun making money!