Vertex/Pender EnhancedThe poster who mentioned this item(Jacks or Better) has answered my question about where
all the recent vo;ume was coming from. Vertex owned 3.8M shares and when they were taken
over by Pender Enhanced Income Fund all those share were dumped. Vertex was taken over for
its large tax write offs, presumably generated in part by its losing position in TKO. That is part
of the answer I was wondering about. The other part is who took up all those shares and was
mgmt warned about them before they hit the market? I suspect either Vertex or Pender did
the courtesy of informing TKO mgmt that they were going to dump them and if they could
arrange a home for them, this was their chance. So did TKO absorb them or some other entity
is what I'm curious about? If TKO did buy them up, then kudos for them as that's as good as
an investment as a small NCIB IMO. These things do happen and I suspect TKO mgmt was
right on it but I have no inside knowledge to verify anything at this point. Just another small
issue mgmt has to deal with in the running of a junior mining co but it is very interesting.
MS