RE:RE:I guess now I know who the Wilkes brothers areIt was an extremely odd filing by Wilks on 10/29/2018. It was to declare a buy of 500,00 @ 3.75 which was made on
June 15, 2017!!! Even stranger was the fact they had zero need to disclose because their ownership was below the 10% threshold. My contacts in Canada are adamant that Wilks blew out of their entire position by the end of Q1 2018 at a greater than 4 cad avg price. They held less than 10% so wouldnt be required to file as they sold.
That being said, no doubt we've had a size buyer executing both block+in the market through Cormark since Sept 2018. RBC had been the axe in TCW for years but now vast majority of 6-fig blocks are crossed by Cormark. I think it logical that Wilks could be the buyer or possibly a US fraccer such as Keane who wish to make a move on TCW.
I think the buyer is closing in on the 10% mark, so we should find out who by the end of Q2 at the latest.
igstar wrote: If they are willing to buy 500,000 shares just a few months ago at $3.75 .... I would imagine they may be able to buy a few more
We have in total just over 410,000 shares, and based on the trading and this buying i think its time to review this on the weekend.
Very interesting