TSXV:SQD.H - Post by User
Post by
SouthernTierTomon Jan 28, 2021 4:40pm
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Post# 32413792
How does this stock even trade? The insider ownership is...
How does this stock even trade? The insider ownership is... INSANE!!
I don't think I've seen a Canadien company with more than 100M shares have this type of "focussed ownership" Creates an potential for increases to be rather interesting given the complete "lack of traffic"
Thanks for this detail, you can't even buy research reports as clear and concise as this!
A great example of what the message forums were originally designed for! KUDOS for the detail!
Digest this is you can too!
A little more background on how tight the Ownership story is for SQI Diagnostics (SQD)....
Total Current Float ~ 330M Shares, w market cap of $120M CAD ($95M USD)
Approximate breakdown below....
Clive Beddoe (Chairman) ~ 86M = 26%
Gerold Connor (Director) ~ 86M = 26%
Wilmot Matthews (Director) ~ 87M = 26%
Peter Lea (A Founder & Scientist) ~ 2M = 1%
Other Insiders ~ 6M = 2%
Insiders represent over 80% of the float.
Next seven groups own approx 11% of float
Top dozen groups represent over 90% of the float or approximately 305M shares.
Remaining Float ~ 25M, or less than 10% of total shares.
There is a very small Percentage of the shares trading, among a very small group of handlers, determining SQI's value.
SQI has significant assets that provide an amazing foundation for strong and enduring appreciation.
The UHN & McMaster partnerships provide significant tailwinds that will quickly take flight.
Stay tuned