RE:RE:Nine Point Energy - Eric Nuttall I would not be surprised if Ninepoint sold out some or all of their position in the past week. Based on the past, Nuttall usually uses a transformational news event to create enough liquidity to sell. If in fact he was able to liquidate his positon and the share price stilll stayed above the warrants strike price, thats a good thing and shows that the bottom is in. Athabasca is in a much more solid position now that any time in the past 4 years. Even this management should be able to do well. Where I do agree with you is on shareholder alignment. We will see if they step up and put their own money down in the coming weeks and when their plans are announced .
EstevanOutsider wrote: while we can't be 100%, the last few days have seen extremely high levels of institutional dumping. On Friday alone I noticed over 18,000,000 shares were traded on the ATS. Probaby Ninepoint jumping ship after a quick ride up. The easy money was made. Athabasca will go back to being a permanently impaired sheetco with zero insider alignment now and a history of poor decision making. The deal was awful. Most people know that. Congrats to anybody who made money on this POS but back to the doghouse for Team Broen.