TransAtlantic Petroleum Corp (TNP.U - was Profco) Message Board

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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco)

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To: Bill Shugarue who wrote (224)	5/31/1999 10:10:00 PM
From: Bill Shugarue	Read Replies (1) of 270

Large Block Crossed:::::: In my opinion, the reason the stock price has remained low for TNP.U is because they had planned to do a large block cross and were trying to keep the price down until the cross was completed. In the past I have noticed that there were always large amounts of stocks being offered. The intention of this was to keep the price down. Anybody wanting to sell would look at the market depth and then sell below those large sell orders. Today, Thomson Kernaghan purchased a block of 650,000 shares from Canaccord. The total number of shares traded today was 815,000 and Thomson Kernaghan purchased 797,500 of the total number traded. Hopefully, the stock will now be permitted to move higher.

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