Interesting NCU Ownership increase between April - May 2024 In 2024 it appears that something occurred behind the scenes that is meant to be private...
As seen here in the SEDI filings that stopped being updated in Dec 2023, Mercuria had a holding of 236,377,964 common shares. Fast forward to the most up to date ownership preview from May 17, 2024, we see that the holding increased again by over 10 million shares with an updated holding of 246,391,955 common shares. Pala's holding increased by the same amount of shares...
Per interim financials, as of March 30, 2023, there were 1,429,567,214 outstanding shares. With the Pala and Mercuria's 10 million share increase, the new OS would be 1,449,595,196, indicating that this increase in share transaction occurred sometime between April 1 and May 17... A period during which negotiations were being had for a "change of control" with at least 2 bidders and scare tactics from press releases regarding creditor protection...
Every negative news release in 2024 was followed by an illusionary selling event which turned out to be a massive buying spree of common shares by the majority of brokers.
So now we see in 2024, a portion of Mr Nutter's and Buffington's shares being revoked while Pala and Mercuria increased their holding by 10 million shares each in April/May.
Interesting to see these insiders were increasing their holding with more common shares in 2024 and that not being posted on SEDI. Meanwhile Randy and Nutting having transactions from 1 year prior, reversed or canceled.