TSX:NWH.DB.G - Post by User
Comment by
DanielDardenon Jul 16, 2023 2:09pm
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Post# 35543262
RE:RE:RE:Early warning report
RE:RE:RE:Early warning reportIf the OSC got wind of this, PDL, as a trustee, CEO and 10% holder, would have to provide answers as to why no EWR were filed while he was selling in 2022. It appears that he was very selective in choosing to only file now but not on the previous sells. Clearly a 10%+ holder must file when buying or selling unless it is exempt from 62-103 provisions.
My impression is that he took the opportunity to try to hide his sells from investors by attempting to focus them on the “possibility “ of future buys. Normally an issuer only advises when the plan to buy has been already set up not when it is about to be set up. An APP is not required to be disclosed by NWVP as it is not the issuer and is not required in a EWR.
IMO, PDL has unnecessarily created a trust issue and by extension has shown an unflattering side. Disclosure is of paramount importance in the public markets and the lack of it certainly affects my trust level. How will others view this? Was this a desperate attempt at producing good new via the APP while attempting to hide bad?