RE:RE:Ninepoint dumping shares into Marketcall??! Think it is likely Nuttall is dumping. Over 5,000,000 shares sold by RBC in cross trades with conditions since Sept. 12 when the deal broke. RBC was assigned 22% of the issued shares in latest deal so maybe Nutty dumping to buyback in at $3.75 or maybe he just wants out period as he knows the deal is screwy.
This co is just dumb and bad. They issued stock at 3.75 while buying back last month above $4; now they took on 7.25% debt which they allowed to be upsized which is higher than yield paid on shares they were buyback back.
Basically tells you no more buybacks!!
no way they planned this deal within a week or two, so they kept it out of the retail bagholders, mainly the eric nutttalll bros who bid it up for ceo brian to use your shares as a currency to fiddle away and go full tilt pennwest.
horrible imho. wouldn't go near this. GLTA