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Bullboard - Stock Discussion Forum Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. The Company operates through two segments: Products and Services. The Products segment is engaged in the design... see more

TSXV:PNG - Post Discussion

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Post by admastonian on Aug 10, 2023 8:34am

Shares

Anyone have any idea who those 5 million shares were sold to. there's no way it just was on the market 1 day. somebody definitely was prepared to buy them all . was it the company buying him out? He might have 14,000,000 shares left  but does he think they will have any value. Did the threat of 2-7 share consolidation scare him away? Just seems to be a lot of uncertainty surrounding this company excpecially with share deterioration right after he sold.  Thoughts?
Comment by GetKraken on Aug 10, 2023 10:13am
The 5 million shares were purchased from Carl by Cormark Securities who have a share price target of 1 buck on PNG.  Carl retired from the Company so maybe he needed some cash to get his holiday started who knows but he still owns a substantial amount of shares.   The rest of the brass were buying shares in the .60's not too long ago so they obviously believe.   The ...more  
Comment by admastonian on Aug 10, 2023 10:55am
Thank you for that it was very informative all the best and good luck to all of us
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