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0.2¢ gi dynamics, inc

Activist fund swoops on EndoBarrier/GI Dynamics, page-7

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MrJackWallis

422 Posts.

17/02/17

20:10

Post #: 22711781
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Originally posted by cadence1 ↑

On February 8, Guernsey-based Crystal Amber Fund consummated a $2.3m deal with Sydney-based $HHL/Hunter Hall.

That deal involved the purchase of 92.5m $GID at ~25c. The price was 16% below market - suggesting $HHL was a distressed seller.

The deal allowed Crystal Amber to hoist its stake from 22.65% to 38.73%.

Now, less than two weeks later, Crystal Amber is showing a return on the deal of some 140%.

How shrewd is manager Richard Bernstein?

Crystal Amber plans to help $GID's board to realize the full potential of EndoBarrier for type 2 diabetes and weight loss.

And this spells good for all holders - including Medtronic and Johnson & Johnson, the world's biggest pharma.

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I would guess they are the ones pushing the price up on market...

GID Price at posting: 7.2¢ Sentiment: None Disclosure: Held
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