GLACIER SHARES : IS A LONG-AWAITED REBOUND ON THE HORIZONMay 20, 2022 tradings Volume : 177K shares + namely by TD/HAYWOOD/RAYMOND JAMES should lift this stock a little, although never back to $1 +.
MAY 20, 2022
| T:GVC - GLACIER MEDIA INC. J - https://www.glaciermedia.ca | 10:08:21 EDT |
| GVC - T | 10.0 | 0.405 | · | 0.41 | 4.0 | 0.41 | +0.03 | 7.9 | 198.1 | 77 | 30 | 0.385 0.41 0.385 | 0.53 0.345 | 15:10:14 | May 12 | 15 min RT 2¢ |
| TSX - T | 10.0 | 0.405 | · | 0.41 | 4.0 | 0.41 | +0.03 | 7.9 | 177.8 | 70 | 20 | 0.385 0.41 0.385 | 0.53 0.345 | 15:10:14 | | 15 min |
| NEO ATS - U | | 0.39 | +0.01 | 2.6 | 7.0 | 3 | 1 | 0.39 0.39 0.39 | | 12:31:38 | | 15 min |
| Omega - O | | 0.39 | +0.01 | 2.6 | 6.0 | 2 | 1 | 0.39 0.39 0.39 | | 12:31:38 | | 15 min |
| Pure - P | | 0.38 | | | 0.5 | 0 | 2 | | | May 17 | | 15 min |
| CX2 - H | | 0.39 | +0.01 | 2.6 | 6.0 | 2 | 1 | 0.39 0.39 0.39 | | 12:31:38 | | 15 min |
| CXD - D | | 0.38 | | | 0.0 | | 1 | | | Feb 11 | | 15 min |
| TriAct - M | | 0.38 | | | 0.8 | 0 | 4 | | | Aug 14-20 | | 15 min |
With a 52-weeks HIGH/LOW $0.53-$0.345, last closing at $0.41, a rise in the $0.50's is the next logical step, before a "merger" or "takeover" announcement comes out in 2022. GLACIER will be a copy-cat story of TORSTAR, but perhaps not to the extent of resulting in a rigged deal. Torstar's "management" and the so-called "family trusts" shareholders were offered the equivalenet of bribes (amounting to million of dollars) to tender their common shares, letting ordinary shareholders swallowing a $0.73 offer. Torstar had approximately 78M common shares and a book-value or near $2 at the time. Moreover, it was debt-free. Why did Torstar ordinary shareholders never took court actions for having been deprived near $100M, ending up as a gift donated to the buyer is totally ridiculous.
On May 26, 2020, Toronto Star publisher John Honderich announced the sale of Torstar to Nordstar Capital LP, controlled by Jordan Bitove and Paul Rivett, for $52-million. As for GLACIER, it will perhaps end in a more civilized way, but with remaining questions marks:
- why is a public company allowing its principal shareholder to sit as Board of directors chairman. Mr. Samuel Gruppo, President and CEO of Madison Venture Corp., which company controls
70,614,394 common shares of Glacier, which represents approximately 53.2% of Glacier’s outstanding common shares, should never be allowed to sit as Glacier's BOD chairman. Has GLACIER ever received offers to be bought in part or in whole, when its share price was in the $1, $2, $3 range or more, which were rejected by Mr. Gruppo and MVC? Why have GLACIER shares been left adrift and fall to a penny-stock for now several years, with barely no monetization of assets carried out? GLACIER, alike TORSTAR is said to be debt-free?
Is the CRA (Canada Revenue Agency) legal case with GVIC Communications an obstacle to allow GLACIER being merged or taken over? By the way, GVIC encountered a previous similar case with the CRA back in 2014. Dit it won, lost or was there a private settlement for that initial case?
Given all of the above, GLACIER has been in the penalty box for an overdue period of time. Management's NCIB (Normal Course Issuer Bid) announced a few months ago is a joke. The company is definitely at stake in 2022. There is no way it will burn the next 7 months in the $0.40's. TORSTAR, GLACIER and down the road CORUS will all have ended in a shameless pitfall for ordinary shareholders as public companies.