Tidal P,

Could that be CLF's? I have not looked into this in depth, but apparently CLF has been off loading its ZEN holding. According its June 2014 Corp Presentation it has 9% of the ZEN OS, or ~5M shares. But, it would be better/simpler? to off load the 9% holding to some willing institutional entities, in one or two big (private) transactions, rather than a few shares at a time in the open market (which would put pressure on the SP).

Some $10+M is a sizable chunk of money for CLF. It's broke and may want to dress up the cash balance a bit before the AGM meeting on 29July.

Does Aubrey know any friendlies who would have a few $Ms to spare? Currently, institutions hold 15%, insiders 20%, and the rest, 56%, belongs to retails.

goldhunter