Wednesday, June 28, 2017 4:59:23 PM
This was not a ‘cross’. I just talked with Shawn to see if he knew anything about the large trades. Apparently, a large institutional investor (who wants to remain anonymous) was interested in taking a sizeable position in Excelsior and a pre-existing shareholder from the early days was looking to unload some shares. They connected the dots and executed the trade at an agreed upon price of CD$0.85.
I suspect that the pre-existing shareholder may have been one of the ones doing a lot of the selling in the past few months. This development is very positive for Excelsior. Weak hands to strong hands!
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