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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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MCAN Mortgage Corp T.MKP

Alternate Symbol(s):  MAMTF

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MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.


TSX:MKP - Post by User

MCAN Mortgage Corp > Insiders Ian and Derek Sutherland sold the most.....
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Comment by JayBankson Nov 30, 2021 4:43am
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Post# 34178835

RE:RE:Insiders Ian and Derek Sutherland sold the most.....

RE:RE:Insiders Ian and Derek Sutherland sold the most.....

Bibizbuz wrote: Sorry - it won't let me post the summary from the website..
Insiders bought $3.2M and sold $4.4M

 

Does it seem like maybe they did this so they are able to easily max out thier rights allocation and over allotment at lower prices to book larger value gains personally?

Sorta like what I mentioned in the 2nd paragraph of my last post:
"Also you will have the issue of current shareholders figuring out what their maths are on rights shares gained and they can dispose of that many shares at higher prices and pay for the rights offering at lower prices and book the gain and take home an unreduced dividend if they played it right."

 

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