The stock price hit 40c today because the block trade by Aphria when they did their super-rapid sell-down, couldn't find a buyer.
The directors (Josh Fegan, Andrew Newbold and Alan Boyd) had to step in and buy the balance of shares.
PAC partners rang every investor in town and couldn't give them away.
It's very noble of the BOD to fall on their sword, but it does suggest that come Monday, there will probably be other sellers who won't be able to find a buyer to buy out their shares. This will naturally put downwards pricing pressure on the stock price again.
Aphria selling down shares at 40 cents (27% discount to listed price), page-60
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.16M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 40552 | 2 |
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