RE:Cannaroyalty buying Cannaroyalty shares starting MondayI wonder how they will pace out the purchases over the course of the year.
I've always maintained the idea that we are just slowly grinding sideways pending the close of RVR. Still no significant buying in size. 100 shares here and there with maybe the scattered buy of a few thousand.
It will be interesting to see if anyone tries to put up some ask walls. By the time the first hundred thousand shares are bought I can see us being well into high 5's again possibly even 6. I am looking at the level 2 and there are only a couple thousand shares up right now all the way to about 50000 at the 6 dollar mark.
Can someone clarify the following as it reads from the news release?
The price paid for the common shares will be the prevailing market price at the time of purchase and all common shares acquired by the Company will be cancelled.
What do they mean by cancelled? Are they not purchasing to hold for their own profit? Do the shares effectively get nulled reducing the total outstanding float?