RE:RE:GMT acquired 9.5M shares in Q1 (23.15% total)Interesting thank you.
With that context in mind, I think it's likely that GMT purchased a block of ARETI's shares. GMT didn't purchase the full 15M, but they did get a piece of the cake.
GMT filing says 8M shares acquired in March alone, strong suspicion that acquired 3M from various brokers and then the first 5M ARETI block on March 25.
| House Positions for C:SDE from 20220301 to 20220331 |
| | | | | | | | | |
| 1 Anonymous | 19,581,561 | 162,057,435 | 8.276 | 20,449,211 | 169,711,965 | 8.299 | -867,650 | 7,654,530 |
| TOTAL | 32,632,837 | 277,451,780 | 8.502 | 32,632,837 | 277,451,804 | 8.502 | 0 | 24 |
We know for certain that the ARETI was 15M of the 20M "anonymous" for sold. GMT was 8M bought, so there's another 10M block floating around unaccounted for. Curious who picked it up because the wording used in the NR.
ARETI has entered into binding agreements with certain third party purchasers to sell an aggregate of 15 million Spartan Shares in a privately negotiated sale transaction (the "Share Sale"). ARETI sold an aggregate of 5 million Spartan Shares on March 25, 2022. ARETI also agreed to sell an additional 10 million Spartan Shares to the same third party purchasers. The sale of the additional 10 million Spartan Shares is expected to close within the next 5 business days.
Does this mean that GMT will be picking up another 10M block? I do not know, and maybe it missed settlement deadline for March 31 quarter end disclosure.