Replies to post #124646 on Niocorp Developments Ltd (NB)

[PutzMueler]

Perhaps we are both wrong

Fintel says approximately 8.2%
https://fintel.io/so/us/nb/citadel-advisors-llc

It also says this

Citadel Advisors Llc has a history of taking positions in derivatives of the underlying security (NB) in the form of stock options. The firm currently holds call options representing 36,200 of underlying shares valued at $241,816 USD and put options representing 243,200 of underlying shares valued at $1,624,576 USD .

Regardless of the % ownership value, the reasoning for the Rights plan is a real necessity, especially when Ken Griffin and Citadel group, (or any other entity) can buy on the open market @ 1/2 the SP value of their last investment offering, don’t you think so?

For guys like him I would imagine tax loss season is a gravy train.