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International Datacasting overhang slowly being whittled away

Posted on July 07, 2008

GrowthWorks Canadian Fund Ltd. has been actively selling shares of Ottawa-based digital cinema provider International Datacasting Corp. in recent months and, in the process, presumably chinking away at a perceived overhang in the stock. Since June 12, the venture capital firm based in Vancouver, has sold 811,500 IDC shares at prices ranging from 30 to 40 to bring these total holdings to 12,019,263 shares.GrowthWorks, who have a longtime relationship with IDC, had planned on selling up to 3.9 million shares alongside IDC s $10-million round of financing issued last fall. It never got do...

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canadian , vancouver