Marijuana firm CEN Biotech share selloff occurred prior to s
Post# of 56323
Posted On: 06/13/2015 2:12:44 PM
Pretty Good Read... Makes you wonder who knew what and when?
http://www.theglobeandmail.com/report-on-busi...e23605249/
When Health Canada informed CEN Biotech recently that its application to build the world’s largest medical marijuana facility was being formally rejected, one would expect the bad news to send the stock plummeting – and it did. However, some lucky investors were fortunate enough to avoid the drop in price, selling millions of shares shortly before the information was made public.
At around 4:30 p.m. on March 11, after the stock markets closed, Health Canada issued a statement saying that the company had been informed that day that the rejection of the licence bid was final.
But less than an hour before the statement came out, more than 7.9 million shares were unloaded in the span of 15 minutes, in a flurry of late-day trading between 3:30 p.m. and 3:44 p.m.
http://www.theglobeandmail.com/report-on-busi...e23605249/
When Health Canada informed CEN Biotech recently that its application to build the world’s largest medical marijuana facility was being formally rejected, one would expect the bad news to send the stock plummeting – and it did. However, some lucky investors were fortunate enough to avoid the drop in price, selling millions of shares shortly before the information was made public.
At around 4:30 p.m. on March 11, after the stock markets closed, Health Canada issued a statement saying that the company had been informed that day that the rejection of the licence bid was final.
But less than an hour before the statement came out, more than 7.9 million shares were unloaded in the span of 15 minutes, in a flurry of late-day trading between 3:30 p.m. and 3:44 p.m.
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