BobwinsHere is some info on FirstEnergy for you. "Since our inception in 1993, FirstEnergy Capital Corp. has grown to become the top investment dealer focused on Canada's vibrant energy sector. Our industry- leading team is focused exclusively on serving the needs of energy companies and sophisticated institutional investors worldwide."
https://www.firstenergy.com/newSite/zgIndex.asp
Don't know if they were an early investor. Actually, they started with 1.35 million shares (via a swap with themselves at only 0.67, see earlier posts) and have been selling daily at 0.68 since late last week. By my rough estimates they still have around 800K shares left.
I have also noticed that other sellars are now selling at 0.68 as well since the trades at 0.68 are not exclusively FirstEnergy.
I'm hoping they are not selling everything, at least at 0.68.
Maybe they are keeping the price down, in order to keep the moving average down, to aid a company looking at purchasing TGL. Way too conspiracy theory, huh?
GLTA
Cheers,
Oxyurid