PINL:VITFF - Post by User
Comment by
dbbclbon May 29, 2021 10:40am
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Post# 33292377
RE:RE:RE:RE:RE:RE:RE:RE:RE:So Long
RE:RE:RE:RE:RE:RE:RE:RE:RE:So LongSo you are saying that 283000 shares at the close being sold all at the same price is not a planned transaction. A move of that size would affect a price change unless you have a party on the other end willing to accept that much stock at a set price. That much stock would cause a price fluctuation if it was just being bought up by the market. No bid was on the board by the open market to buy 300k shares at the close @ $16.94. Kind of co-incidental don't you think. And yes Scotia was selling additional shares during the day. Hence the total of 500K. How many shareholders in this company do you think hold that much stock that they could facilitate this sale. You indicated that a disgruntled shareholder. Hell of a P'd off shareholder to dump that much stock in one day for little or no gain at a time when there is a potential sale over the next couple months. Besides the sale of Orion stock went to CIBC and BMO for the most part. This sale came out of Scotia. I don't see a shareholder deciding to sell through Scotia when they likely bought at BMO or CIBC. It is not uncommon for an individual or small group to have accounts at various houses to mask activity. This would not change Orion's commitment. In fact if they excercise the warrants they will have substantially more voting power to offer up. by increasing their holding by about 1.2 million shares. I cannot fathom 10 different houses all take on that many shares at the close for 10 different parties and all are bidding exactly the same price at exactly the same time. Perhaps Couer or a nominee was the buyer? Just speculating.