Post by
SNAKEYBOY on Aug 26, 2023 8:57am
The PR
TORONTO, Aug. 25, 2023 /CNW/ - Northwest Value Partners Inc. ("NWVP"), wholly-owned by Paul Dalla Lana, announced that it highly supports the decision of Northwest Healthcare Properties REIT (the "REIT") that the REIT's board has established a strategic review committee whose mandate is to investigate strategic alternatives that could unlock future unitholder value. NWVP and its subsidiaries and control persons collectively hold an approximate 9.9% beneficial ownership interest in the REIT. NWVP or its affiliates may acquire additional REIT securities through open market transactions, private agreements or otherwise.
I don't get why this bumped unit price other than traders using it as a short squeeze
Comment by
SNAKEYBOY on Aug 26, 2023 1:44pm
It's hard to make the case their a buyer accumulating given the SP has nosedived from 7.20 to 6.20 in 5 days on volumr.. that indicates a big exit. The fund could just make a hostile offer for 10 even without accumulating