Large GameStop shareholder MUST Asset Management sold off its stake MarketWatch 1/28/2021
CNBC Markets Now: January 27, 2021
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GameStop Corp. disclosed Thursday that South-Korea-based MUST Asset Management Inc., a former large shareholder, no longer holds any shares of the videogame and consumer electronics retailer. The stock sale comes after GameStop s stock soared 788% amid a five-day win streak through Wednesday, as it became a poster child for the recent trading frenzy in which individual investors targeting heavily shorted shares. MUST was GameStop s ninth largest shareholder, according to FactSet data, as it held 3.3 million shares, or about 4.7% of the shares outstanding. MUST s 3.3 million-share holding was disclosed before the March 20, 2020 open; at the time it represented 5.0% of the shares outstanding. The stock closed March 19, 2020 at $4.19, which would value the stake at about $13.8 million. With GameStop s stock closing at $347.51 on We
Andrew Allentuck
As 2021 opened, bond yield curves steepened on Jan. 6, U.S. 10-year Treasury yields hit 1% for first time since March of last year. The economy may feel as if it’s beginning a cyclical recovery, but there are several key differences between a recovey and what’s unfolding now.
Ordinary consumer spending has been deferred while ultra-low interest rates have supported purchases of houses and durable goods. The unemployment rate is high (8.6% as of Dec. 31) and consumer debt has soared.
Will bond prices rise, hold or stumble in 2021?
Avery Shenfeld, chief economist with CIBC, said the outlook is grim. “Government bond yields will be low, but they will climb. Reflecting recovery, the yield curve will steepen.” He added that the Bank of Canada is likely to reduce quantitative easing.
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Novo19 Capital Corp. Announces Signing of Definitive Agreement with Nobel Resources Corp.
Novo19 Capital Corp. (
Novo19 ), an unlisted reporting issuer in British Columbia and Alberta, is pleased to announce it has entered an amalgamation agreement dated January 12, 2021 (the
Definitive Agreement ) with Nobel Resources Corp. (
Nobel ), a private resource company incorporated under the laws of the Province of Ontario.
Pursuant to the Definitive Agreement, Novo19 and Nobel have agreed to complete a three-cornered amalgamation (the
Amalgamation ) pursuant to which Novo19 intends to acquire all of the issued and outstanding common shares of Nobel (
Nobel Shares ) in exchange for the issuance of common shares of Novo19 (
Ontario Securities Commission Announces New Registrant Advisory Committee Members Date
08/01/2021
The Ontario Securities Commission (OSC) announced today the membership of the Registrant Advisory Committee (RAC) for the 2020-2021 term.
In recognizing the importance of consulting with our stakeholders, the OSC’s RAC serves as a forum to discuss issues and challenges faced by registrants in interpreting and complying with Ontario securities law, including registration and compliance related matters.
The Committee also plays a consultative role by providing feedback to the OSC on the development and implementation of policy and rulemaking initiatives that promote investor protection and fair and efficient capital markets.