Xtract One Technologies Inc. T.XTRA

RE:RE:RE:RE:RE:RE:RE:Soaking up shares

[kidl2]

Romulus: There seems to be a misconception as to the / any deal mechanics. While Peter could be initiating some sort of a deal (stage 1) , he would need BOD approval to bring it to a shareholders’ vote (stage 2). The BOD would have to tread very carefully in light of fiduciary duty regulations. Only if approved by the BOD, can a deal be put forth to a shareholders’ vote (stage 3) and to do so would be rather foolish unless they have the support of major shareholders. Are there any aside from MSG? Does anyone know?
 
There is the theory of MSG or an affiliated company buying XTRA. The wrinkle in this case, MSG would not be allowed to vote their shares thus throwing the onus back onto retail shareholders. That is unless there is another major shareholder I don’t know about. Looking at the trading from the middle of April (start of the dump) to date, there is no one who could have accumulated a meaningful position.
 

House Positions for C:XTRA from 20240415 to 20240605

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
22 Fidelity	1,243,500	611,258	0.492	35,878	16,523	0.461	1,207,622	-594,735
7 TD Sec	1,728,584	840,061	0.486	623,979	301,691	0.483	1,104,605	-538,370
53 Morgan Stanley	2,038,337	991,522	0.486	941,418	502,680	0.534	1,096,919	-488,842
85 Scotia	850,113	412,931	0.486	90,634	44,028	0.486	759,479	-368,903
2 RBC	1,931,739	952,802	0.493	1,181,978	574,357	0.486	749,761	-378,445
65 Goldman	617,500	290,838	0.471	0			617,500	-290,838
79 CIBC	2,453,290	1,204,132	0.491	2,056,122	1,008,342	0.49	397,168	-195,790
13 Instinet	1,012,186	495,575	0.49	642,555	321,822	0.501	369,631	-173,753
14 Virtu ITG	396,782	190,385	0.48	112,168	52,879	0.471	284,614	-137,506
80 National Bank	1,283,166	631,649	0.492	999,841	564,145	0.564	283,325	-67,504
8 Eight	239,500	148,710	0.621	0			239,500	-148,710
124 Questrade	362,400	175,195	0.483	185,158	87,922	0.475	177,242	-87,273
33 Canaccord	509,972	243,758	0.478	376,855	185,044	0.491	133,117	-58,714
57 Interactive	95,356	45,158	0.474	8,632	4,001	0.464	86,724	-41,157
88 Credential	131,340	65,478	0.499	62,062	29,887	0.482	69,278	-35,591
89 Raymond James	64,155	30,243	0.471	9,799	4,793	0.489	54,356	-25,450
39 Merrill Lynch	220,541	108,077	0.49	195,572	92,160	0.471	24,969	-15,917
3 ATB	22,000	10,029	0.456	0			22,000	-10,029
76 iA	19,500	9,440	0.484	0			19,500	-9,440
19 Desjardins	59,419	29,321	0.493	40,262	19,076	0.474	19,157	-10,245
9 BMO Nesbitt	235,245	118,118	0.502	224,870	107,534	0.478	10,375	-10,584
35 Friedberg	31,701	15,188	0.479	30,000	15,300	0.51	1,701	112
25 Odlum	0			400	192	0.48	-400	192
68 Leede	0			10,000	4,750	0.475	-10,000	4,750
59 PI	4,000	1,840	0.46	25,000	12,500	0.50	-21,000	10,660
5 Citadel	105,017	52,264	0.498	126,079	62,349	0.495	-21,062	10,085
83 Research Cap	33,130	16,103	0.486	70,000	33,950	0.485	-36,870	17,847
1 Anonymous	5,638,523	2,774,358	0.492	13,277,734	6,418,539	0.483	-7,639,211	3,644,181
TOTAL	21,326,996	10,464,433	0.491	21,326,996	10,464,464	0.491	0	31