Don't believe that Richmont is in to flipping, but do believe with the shares they own, the float may of just gotten a little smaller. Actually the float technically is the same, but if Richmont has bought a few of those shares, don't expect those shares to see the market for a while.
All you have to do is ask, why would an entity like Richmont flip for pennies when they see multiple dollars down the road? And if you don't think they see that, why would they of increased their stake so much?
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