ECN Capital Corp ECNNF

Sale of Kessler

[Tomcrew124]

This is the way i see it.  Mr. Hudson owns 13.5 million shares.  Since the sale of Kessler (and a revision of ESP) the stock has dropped slightly more that $4.  That dropped his securities value by $54 million.  He would not sell Kessler unless the payback is great and the sale of Kessler contributed to most of this drop.  Doesn't make sense so I feel there's a huge plan in place.  Special Share repurchase or possible 3-4 acqusitions by Investor Day.  I'm sure he's aware of the large institutional investors that are impatient with the stock price so he has to move fast IMO.

Again, no way Mr. Hudson would knowingly lose $54 million in securities value driven mainly by the sale of Kessler unless the payback forthcoming is huge.  Just waiting because history proves with him that he always makes big moves.

Here's hoping for a better 2023 for ECN

[testomax]

Its also interesting to note his lack of insider buys at these discounted levels...historically he usually steps in to show confidence...but not this time

[Tomcrew124]

good point.  You'd think they'd be buying by the truckloads.  This is another reason why I think something is brewing.  I don't know the rules however maybe there's a blackout or restriction happening when discussions/negotiations are happening.  I don't know. I still say a special NCIB is a great option.  Cancel 50-100 million shares.  Do