Punished Superior SharesWell, I've seen SPB shares hammered worse than this. Got down close to $5 a few years back, but that was before Luc Desjardins took over and started reducing debt and getting rid of non-core assets. Desjardins really saved this company! I think the current drop in share price could have something to do what current market conditions. Canada is projected to have a mild contraction next month and, the BOC may start raising interest rates again because inflation is still up over 4%. Even without any more interest rate raises, Canada will likely go into recession. It still doesn't answer the question though about who bought Marquard & Bahls 13 million shares? PennyDreadful keeps saying it was a public offereing, managed by CIBC, but I see no evidence of that. The official news release indicates it was a block sale to a private investor. My best guess is, the sale was to M&B's subsidiary, Mabanaft. By doing that they can continue to buy more shares without going over the 20% ownership threshhold.