GVC : $0.50 is best possible deal Commons shares outstanding : 132,329,984
Major shareholder : MADISON VENTURE CORPORATION 67,555,632 (50.9%) of outstanding shares.
Minority shareholders holding : 64,774,352
If a buyout happens at $0.50, it would cost MADISON $32.4M
52-weeks HIGH: $0.44 - LOW: $0.21
Book-value : $1.15
A number of insiders bought Glacier Media Inc. (TSE:GVC) stock last year, which is generally great news for shareholders. In the last twelve months, the biggest single purchase by an insider was when CEO, President & Director Jonathon James Kennedy bought CA$80k worth of shares at a price of CA$0.40 per share. That means that he was happy to buy shares at above the current price of CA$0.35.
The company is definitely on a tight rope. Minority shareholders are the only ones to blame for sitting on the sidelines, rather than pushing for an immediate buyout of their shares, given such an insane trading price of $0.20 or so, as they never get more than $0.50 on their investments. Should the case with Taxation Canada be a fatal blow, that could spur GRIPPO to wake up.