RE:RE:Eric Nuttall Thanks Jim for weighing in on nuttall's overhang claim. No doubt he has a reason for misleading the listeners. He claimed he was going to have lunch with Grant F. a while back. After which his only comment was that WCP was a work in progress. That was before XTO. Fact is, Ninepoint never had enough shares to be able to influence WCP.
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quote=jimgeorge]Seeing your comment reminded me that Nuttall didn't mention an "overhang" in his first dissing of the WCP acquisition - because there wasn't an overhang! It was an all cash deal, no additional shares were given to anyone as a result of this deal. Nuttall's just making sh!t up as he goes along. His credibility is fading fast in my eyes.
(BTW, an example of a REAL stock overhang was the aftermath of the Cenovus purchase from ConocoPhillips several years ago. Part of the consideration given to ConocoPhillips was 208 million CVE shares(!), which ConocoPhillips said they would dispose of in the market over a 4 year time period. This overhang has been a tremendous drag on CVE share price performance. The ConocoPhillips position is just about unwound now.)[/quote]