TSXV:NDVA.H - Post by User
Comment by
nedstar71on Sep 08, 2021 9:21pm
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Post# 33829305
RE:RE:RE:RE:Something up
RE:RE:RE:RE:Something up That is a possibility regarding Sundial. I can't think of a legitimate reason why they'd be selling on the open market other than to suppress the share price but it's hard to believe that's the reason. They definitely don't need the cash.
Interestingly, Altacorp that I noticed was on the sell side today is part of ATB Capital Markets out of Calgary. In Sundial's press release dated July 20th in relation to their acquisition of Inner Spirit:
"ATB Capital Markets acted as financial advisor and McCarthy Ttrault LLP acted as legal counsel to Sundial."
So no doubt any time we see Altacorp active it is probably Sundial and if today is any indication we will be seeing more insider sales from Sundial reported within the next few days, This may have been going on for the last few days, I wasn't watching the trading. Which truly doesn't make a whole lot of sense sense unless they are just trying to keep a lid on the share price, which again only makes sense if they are planning on making a play for it. Even then it would be a really greasy tactic. As I said, strange.