At ~95$, the $57.5 million will take about 600,000 shares traded to clear inventory. 400,000 if Goodman wishes to keep 1/3 for his various network.
I would say today's trading so far is encouraging and when you consider it is trading for almost full value minus underwriter's fee and 8% rate, the share price could get back to the 50 cent conversion rate pronto.
Almost half way there
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SGR.DB - T |
25.0 |
T 94.00 · 94.99 T
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1.0 |
94.00 |
-1.51 |
-1.6 |
260.0 |
$24,643 |
10 |
95.51 95.51 94.00
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10:02:56 |
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realtime
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Trades for C:SGR.DB on 20130306 - 10 trades displayed |
Time ET |
Ex |
Price |
Change |
Volume |
Buyer |
Seller |
Markers |
10:02:56 |
T |
94.00 |
-1.51 |
25,000 |
85 Scotia |
9 BMO Nesbitt |
K |
10:02:56 |
T |
94.50 |
-1.01 |
25,000 |
93 Toll Cross |
9 BMO Nesbitt |
K |
10:02:36 |
T |
94.00 |
-1.51 |
50,000 |
85 Scotia |
9 BMO Nesbitt |
K |
09:47:14 |
T |
95.00 |
-0.51 |
50,000 |
85 Scotia |
1 Anonymous |
K |
09:47:05 |
T |
95.00 |
-0.51 |
20,000 |
85 Scotia |
1 Anonymous |
K |
09:39:48 |
T |
95.50 |
-0.01 |
5,000 |
93 Toll Cross |
79 CIBC |
K |
09:37:56 |
T |
95.50 |
-0.01 |
25,000 |
93 Toll Cross |
1 Anonymous |
K |
09:30:07 |
T |
95.00 |
-0.51 |
30,000 |
85 Scotia |
79 CIBC |
K |
09:30:07 |
T |
95.50 |
-0.01 |
20,000 |
93 Toll Cross |
79 CIBC |
K |
09:30:00 |
T |
95.51 |
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10,000 |
79 CIBC |
80 National Bank |
KL |