So GMP crossed 450K shares at 1.74 = $783,000 around 12:30 PM Eastern
This may be Pinetree on the buy side, as GMP also made big crosses in GCU.V around the same time. Pinetree is a GCU 10% holder which they have been selling it recently, presumably to beef up their tech holdings.
I think they sold GCU big today again, to buy Poet. Watch the insider markers for both today for confirmation
The first cross below would give them almost enough funds to buy the 450K PTK cross today.
Here are the GCU crosses today
| 12:29:42 |
V |
0.25 |
-0.02 |
2,946,000 |
74 GMP |
74 GMP |
K |
| 12:11:13 |
V |
0.25 |
-0.02 |
1,200,000 |
74 GMP |
74 GMP |
K |
