Condor Resources Inc V.CN

1,345,000 shares traded 16 minutes after market close!!??

[KenGPS]

I've never seen anything like this. Lyle cashing out? Why would a transaction close like this at the closing price for the day? Anybody ever seen a transaction like this go down?

[shelby2]

hope we get an explanation on this, 

[ANALOG GUY]

Stockwatch isn't showing the cross anon to anon? what was the price?

[DarkGreen]

I like crosses because would you buy $600k worth of stock if it were a dog ? As far as the seller goes maybe he or she needed money right or maybe the have a huge position and they wanted it in some powerful hands . 

[KenGPS]

It was at the days closing price. 43 cents.

[KenGPS]

Maybe Lyle is exiting, and transfering his shares to another entity. Relative? etc. He would pay a lot less realized tax gains than if he waits for the stock to appreciate.

[KenGPS]

Starting to look like an Estate planning move to me. Pay the taxes owed at .43 cents, then sell to a trust or something to sit with unrealized gains.

[KenGPS]

Maybe Lyle is exiting Canada to retire? Pay his exit taxes at .43 cents now. Transfer to brokerage in another country and sit on the shares for years.