PINL:VITFF - Post by User
Comment by
dbbclbon May 28, 2021 9:19pm
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Post# 33291665
RE:RE:RE:RE:RE:RE:RE:So Long
RE:RE:RE:RE:RE:RE:RE:So LongLooks like a disgruntled shareholder that participated in the Orion $17/share placement is opting to get out at a small profit rather than be a part of the ambulance chaser's legal gambit. I'd expect $17 to be support.
This was no disgruntled shareholder. This is a share cross being completed of several hundred thousand shares orchestrated through Scotia Capital all at $16.94 within the last minute before the close. Someone took an $8million position at 4pm this afternoon. My only question is who was the seller that supplied the shares to Scotia for the transaction? Perhaps Orion transferred another 500k shares so they can get their percentage low enough to be able to excercise their 1.7million warrants @ $9.75.