TSXV:SQD.H - Post by User
Comment by
FactFinder1994on Mar 03, 2021 1:05pm
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Post# 32705881
RE:RE:Friend, Family, or Cover
RE:RE:Friend, Family, or CoverA little more background on how tight the Ownership story is for SQI Diagnostics (SQD)....
Total 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.
The only reason handlers are able to prevail, is because the SQI story has not been shared.
Given the names involved in this story they should not be allowing the value of our company to be manipulated by a few.