North American Palladium Ltd (New) PALDF

Options never went to market

[Texasliam]

I wrote Mr. Gallagher, CEO.  He explained that the options were purchase by the company and deleted.  They never sold on open market.  It’s always been handled that way. I believe him.  So look to computer algorithms and short players

[alwil106]

I  suppose even if the PDL officers and employees, could not afford to purchase that amount of options, Brookfield and Associates could take them off their hands without bringing them to market. Erick Sprott would probably like to  mop them up for $5.97 These people could afford to transfer the options to shares without having to sell shares to raise cash for the purchase of options. I

[Texasliam]

Quote: market and certainly did not contribute to the rapid sell off.  In fact management and the board have recognized the potential impact of selling shares into the very small float that exists for NAP and recently the board approved a process whereby the company has bought back vested options and canceled them. This process does not impact the share price and does not dilute

[alwil106]

That is good to hear. Thanks.