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Re: treit2002 post# 20989

Wednesday, 10/17/2012 1:06:40 PM

Wednesday, October 17, 2012 1:06:40 PM

Post# of 163719
Treit--When you say if you have 2 mil shares to sell, are you talking about financing shares or does it not matter? The assumption we have been working on, and I thought it was a reasonable one, is that financing shares are sold by SIAF at the first available moment for the benefit of the owner. If that is happening, I would find it extraordinarily coincidental that after a couple of months of financing shares not coming on the market in bulk, they suddenly emerge the day after the market fails to react to the First North announcement. But maybe financing shares are not being sold automatically but rather are traded opportunistically. If so, it's still a case of trading, and the point I'm trying to make is that the First North announcement was likely critical to the selloff, and it's not a case of shares being offloaded uncritically, which I think is the assumption of Andrew et al.

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