Post by
tamaracktop on Oct 29, 2023 9:25am
Another thing to look forward to...
In addition to the AMF, the quarterly financials, and tax-loss selling, which everyone knows are imminent, the buyers of the latest financing will be free to sell their shares in the third week of November.
If they've wanted to buy more since the issue closed, there's been nothing to stop them.
This can only increase the supply of shares being sold in the market.
It's not going to have a limited effect though, the issue only raised $3 million, and " your Peter " had to buy $2 million of it, and he's been selling while the others have been locked-in.
They can't have been too impressed with what the trust has been doing since they bought in.
Comment by
tamaracktop on Oct 29, 2023 10:36am
Presumably some of them bought in because they were enticed by the fact the CEO was buying $2 million of it. Then he turned around and started selling it, selling as low as 58 cents last week. The trust has sold slightly more than 800,000 shares since the issue closed. Almost as much as they collectively bought.
Comment by
filoux004 on Oct 29, 2023 10:37am
You are right markets are always looking forward. Glta fast forward, release of the Financials.