Re: West Face Capital big buyer, now at 11.5%
Good to see you posting still, BLTG. Although the stock did rise about a buck during West Face/Boland's buying perhaps the fact that the buying occured during a time of historically high short interest prevented a further rise ... and the buying was not quite enough to cause much of a squeeze. Also, i know you have insight into this but what did Fidelity do during the period. I think they shed about 500,000 shares last period. Did that continue?
How do you view the current re-org? Do you think they did this to appease Boland? He turned over some apple carts at Maple Leaf foods a couple of years ago, waged a proxy fight and got a seat on the board. What do you see happening here?
West Face increasing their holdings by 50% and holding around 11% of the company is about the only compelling thing about STKL these days, imho.