On Monday June 1 I posted the following:
Institutional Holders Summary
| |
|
|
|
|
| % Shares Owned: |
29.98% |
# New Positions: |
0 |
| # of Holders: |
39 |
# Closed Positions: |
5 |
| Total Shares Held: |
63,354,641 |
# Increased Positions: |
4 |
| 3 Mo. Net Change: |
-3,054,344 |
# Reduced Positions: |
7 |
| |
|
# Net Buyers: |
-3 |
Now compare this chart with what Reuters has posted on its website today Tuesday June 2: http://www.reuters.com/finance/stock...
| % Shares Owned: |
11.80% |
# New Positions: |
0 |
| # of Holders: |
39 |
# Closed Positions: |
0 |
| Total Shares Held: |
24,940,741 |
# Increased Positions: |
0 |
| 3 Mo. Net Change: |
0 |
# Reduced Positions: |
0 |
| |
|
# Net Buyers: |
0 |
All that I can say by looking at these numbers is that the numbers posted on Monday at the top must have been the end of the month numbers from May 31st. and the bottom chart today accounts for a lot of the shares sold today. I would hazard a guess that maybe Resolute Funds dumped a lot of shares today in order to buy new shares at .90 . Resolute bought a lot of their shares above $2.00 so maybe they are taking a write down and acquiring new shares. Resolute Funds announced in January on SEDAR that they controlled:
“38,200,000 common shares (representing approximately 18.09% of all outstanding shares of that class). “ Now, when you look at the number of shares owned by Institutional investors posted by Reuters today in the second chart the number is 24,940,741 so it looks like some of the 11,835,588 shares of CLL that changed hands today may belong to Resolute. You decide. Anyway, watch SEDAR as Resolute will have to post whatever change they have made, if any under the heading Alternative Monthly Report.
Best Wishes; Scott
