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Bullboard - Stock Discussion Forum ADF Group Inc T.DRX

Alternate Symbol(s):  ADFJF

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five... see more

TSX:DRX - Post Discussion

ADF Group Inc > TO BE AWARE OF
View:
Post by bigbird11 on Jun 20, 2024 7:10am

TO BE AWARE OF

MARSHALL - BARWICK  SOLD OFF 193,400  SHARES  REDUCING THEIR CONTROLLING

INTEREST FROM JUST  OVER 10 %  TO  9.18 % .  SO  NOW  THEY  DON"T  HAVE  TO 

REVEAL  TO  THE  PUBLIC  HOW  MANY  SHARES  THEY  OWN   SINCE  IT IS  NOW

UNDER  THAT  10 %  MARK

SHOULD  BE   ANY  DAY  ON  THE   SHORT  POSTION  ON  DRX   .   LAST  KNOWN

WAS  JUST  OVER  30,000  SHARES  ..
Comment by microcaphobby on Jun 20, 2024 9:56am
They have been long time holders so it is not surprising that they  harvested some of their gains   by selling 8.5% of their holding (156,900) at $17/share). They still hold 1,679,600 shares.  The sale increases liquidity of the shares and allows funds/ institions to buy. They also saved a little bit of money on the capital  gain tax increase.   This is a ...more  
Comment by smartmoni on Jun 20, 2024 10:51am
I agree...a very smart and deserved transaction. Of course you then get the shorters coming in to take advantage of the situation looking for cheaper shares. Thats fine with me....I loaded up as well!