News: CDD Cardno Sees Fy21 EBITDA In Range Of $40 Million To $45 Million, page-30

Is it possible that they are smoking their own supply?
If they sell and buy their own holdings within T2 do they need to submit a substantial holder notice?
I don’t know the answer but it would seem plausible.
Would be good way to move the price and still retain their original holding — possibly claim a tax lose at same time and resetting the base price for future gains.

Also justifies selling out small fry at such a low-ball price.

Crescent seem to be pretty smart operators. It wouldn’t surprise me if all of their actions were planned out on a wall somewhere, starting five or more years ago.