RE:RE:RE:QuestionIf the The three big funds that own 78%, Why would they not sell now on the open market today at the higher price.? Question two is why would any one buy this stock now higher then $12.58 only to lose 30% of what you bought.?
The only reason I could think why anyone would buy more now is to average down that hold this stock at a higher price above $15 or more that way you don't lose as much and the money you get for your 30% you can buy back your shares. This would work great if you own the stock in your RRSP or Tax Free which you can't claim a Tax loss.