Peregrine Diamonds Ltd. PGDIF

Exchange Trades?

[shneps]

Not sure if anybody has an answer for this question but my curiosity is killing me. Does anybody know why virtually ever trade is a cross trade and why anybody would bother trading, three days before the deal basically closes, at 23.75c and 24c? Is this DeBeers buying since the announcement, collecting as many shares as possible to sway the vote? Collecting as many shares as possible (80million of them) to try and save $400,000? White knight? Don't think so. I don't know.

[shneps]

Fifty plus " stockhouse experts " have read these questions and no comments. Well, you're a disappointing bunch. I suppose I will find out by Thursday or let it go. Cheers

[Oregonduck]

Under the takeover regime, DeBeers and/or with with other joint actors are not allowed to buy any shares in the open market once the bid is launched. The new rules passed in 2016 will likely make it harder to mount unsolicited bids in Canada, they will not make hostile bids impossible. The boards of target companies still aren’t allowed to “just say no” to a hostile bid. Instead the new

[shneps]

Well thank you very much Oregon Duck for stepping up. I appreciate the input. I wasn't aware DeBeers couldn't buy, and yes understandable it probably being the Friedlands. Thanks again.

[ekim]

Friedlands are still considered Insiders. They would need to disclose any purchases via SEDI. I saw the 20 cent options exercise reported...but no open market buys. LONG...whiteknight EKIM

[Oregonduck]

I said the Friedlands or their proxies could have been buying up the shares in the open market to account for the trading. Under the Canadian takeover laws, eligible institutions such as hedge funds, Dundee, etc. can avail themselves under an Alternative Monthly Reporting System (AMRS) rather than the Early Warning Insider Reporting system. It is permissible to solicit proxies under AMRS for

[griefman]

blah, blah blah, blah.....

[cudjo]

does it really matter anymore?  This is over tomorrow, no white knight, the Friedlands are taking thier ball and going home, longs lost in overtime.   Take your money and put it into something more profitable,diamonds are done, diamond exploration will move to fabrication, DeBeers is already taken a position there, go with the millenials, and healthcare, pot,(look to retail IMO),fits