RE:RE:Eric Sprout buys v.NFG at 11.39!We've seen it many times with private placements, but I'm still amazed that the big players who get the shares cheap (8.50 in this case I assume) are willing to sell short at just a few cents above their cost, rather than waiting to let the price recover. I guess they are happy with making 5% or so and then doing so again soon in another placement.
We just have to wait to see the price recover after the dumping (by shorting, I assume) of the news shares.
Is there a holding period on flow-through shares? Maybe not.
Erie