GREY:RNKLF - Post by User
Post by
goldhunter11on Dec 17, 2019 5:37pm
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Post# 30465913
NRX up 2.22% on closing at $0.46/s
NRX up 2.22% on closing at $0.46/sVolume not as high as yesterday according to Stockwatch.
- Total volume: 1.38Ms
- TSX: 0.618M, or 45% of total
- other exchanges, U (0.450M), P (0.281M), O (0.205M), and M (0.204M)...
Just some speculation: Uncle Eric has ~50Ms (or 7.9% OS). a 1 cent increase in the SP would net him $0.5M in one day. Sell the stock and pocket the extra $0.5M. Or, would he rather spend approx $5.5M to get an extra 12Ms (2%OS) to increase his holding to 9.9%, for a bit more control of the company. So that the kind of decision he has to face. Decision, decision!
My guess is that both $0.5M and $5.5M are chump change to him, but he would probably want to spend more money...for the ego, at least. He may get some sweetheart deal from Huet, but the SP is rising steadily and he may need to act fast.
GH11
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