via Stockwatch - A Second Trade
A second 'trade' in GBRIF, which is perhaps a trade of options on Golden Band through contractual agreement worth perhaps 500 shares each.
This would realistically be approx. 5% of the float. For certain conditions of reorganization that require the conversion of shares to preferred's under IFRS, 5% of the shares are required to be cashed out.
This has to do with business combinations and non-controlling assets under IFRS. The shares are non-controlling assets because the entire equity interest in all of the equity in the comoany was borrowed to PROCON as a part if a change-of-control put to effect the quasi-reorganization of Golden Band.
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-F6