RE:RE:RE:When the fish aren't biting, the Whales play....Not sure I agree this 150,000 block was NCIB activity. GH is restricted in its daily buys...25% of average 6 months daily volume. (25% of 13k or so)....this block exceeds that by a factor of about 45.
Allowed say 3250 shares a day....and SEDI confirms that scale of purchasing ability.....could be limited to 2400 per day looking at purchased daily amounts.
Still we can infer two sophisticated players here. We definitely know Acumen is one....maybe they bought for their own account, maybe they bought because a large shareholder wanted to divest a large block without upsetting the market.
Acumen could hold or resell
But as I said, I doubt this is NCIB activity
malx1 wrote: Wise Sage, we know of a business that is generating more than $2mm excess capital each quarter.
Team here plan in advance, they have daily tallies of income and expenses.
If consumer remains resilient, yes, the buyer was likely GH.
It's a darn good Financial Plan.
The old Value Capture.
Buy $2,100,000 of your own assets for the 'market cost' of $1,552,500 plus some minor friction costs of commission and govt's 2% pound of flesh.
Put the $500,000 difference in GH's back pocket for later. Delta Capture.
Oh, and best part, retired shares means existing shareholders now enjoy larger piece of the blackberry pie.
Who doesn't love pie?