RE:RE:BAM.A SaleI have been traking the BAM selling on SEDI.
From Feb. 17 to Feb 26, they sold 2,667,411
From March 1st to March 12th they sold 1,761521
And from March 15th to March 18th they sold 681,800
There is a balance of 312,300 shares still being held from the BAM entity that is selling
We will soon find out if the other 3 entity will be holding on or sell some of there shares.
For sure, this selling is, in the short term putting pressure on WFG.
The good news, is that we have new holders in (5,110,732 shares at an average costs of a little more than $85.25)
Lets not forget that BAM's cost was probably very very low.These Bam guy are always on the
market for new issues or debt financing for their new ventures.
They are lightening up a bit on WFT but for know,they are still the biggest shareholder of WFG.
I live in Montreal and yesterday, there was a broadcast about how lumber yard could sell all of their yard inventory in a few days if they wanted but are holding on for their biggest customers since they are not expecting new orders to come in before June or July).
One Home Hardware owner said that the order that he had place this past autumn just came in.
For those who can understand french, here is the link to the video.