Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Calissio Resources Group, Inc. (CRGP) Message Board

As of August 13 there were 254m per the PR. Based

Message Board Public Reply | Private Reply | Keep | Replies (1)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 11040
Posted On: 09/20/2015 9:34:20 PM
Posted By: mav243
Re: phx_invest #2765
As of August 13 there were 254m per the PR. Based on COR complaint, by ex dividend date on August 19th, maximum conversions would total 254m + 323m ($4m charged to COR) = 577m shares. Add the stock dividend and we are very close to that number. Volumes started getting really high on August 24, but OS had already grown, as COR’s complaint states :

“…because Calissio…purchased the vast majority of the common shares outstanding on the ex-dividend date back from shareholders before the ex-dividend date as part of its buyback program…”

IMHO had Calissio not been buying back those shares, price would have gone down. We all saw the cross trades happening… that was the company buying the shares as I speculated then. In summary, the number that was given to you was the correct OS, but there may be a confusion in semantics, as those shares were outstanding had they not been retired at the time.

The problem I see in your explanation is that conversions had happened by ex-dividend date. If your explanation is correct, as per PR on August 24th that mentioned 158m had been repurchased then OS prior to that time at some point could have reached 735m. This number can be found by adding 254m + 323m + 158m (+18.5, which is confirmed by COR when it states 177m, obtained by adding 158.8m +18.5m) = 754m. Based on the volume between, August 13 and August 24, stock traded sideways, so I don’t see these conversion as happening, as the dividend had not arrived in many of the accounts to create buying pressure to counteract it. An argument could be made from August 19- August 24, but based on volume I don’t see it as likely. So IMHO, based on COR assumption of purchases by Calissio before ex dividend and info I got as well as Brandorice, OS is likely 129m.

Sorry for the long post but there was a lot of explaining to do so that it was clear. Might take a couple of reads.


(0)
(0)




Calissio Resources Group, Inc. (CRGP) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  


PLEASE READ IF YOU READ MY POSTS
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:

1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.

If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.




Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us