The odds of the two SPs literally rising and falling in tandem is basically 0 except in the event of market manipulation, if you look at the "buy/sell" on any given day you'll see instos or algorithms essentially keeping the price within the same 5-10% trailing yield for SLR to Red. Doing this basically makes people want to vote yes for the 5-10% "arbitrage" and keeps the deal "fair" on the surface.
I guess the real question is who are the market manipulators and how much of a vote do they hold? Is it SLR themselves doing it (obviously not directly) or is it instos doing this and how many of the instos are in on it. I mean at the end of the day the market clearly reflects that the people in charge of the daily SP movements want the merger to go through.
I am curious to know what would you and others be willing to accept for a merger then? What would you deem a ratio that is acceptable?
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Open | High | Low | Value | Volume |
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52 | 99885 | $1.46 |
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18 | 62360 | 1.450 |
19 | 118473 | 1.445 |
9 | 35410 | 1.440 |
9 | 51624 | 1.435 |
Price($) | Vol. | No. |
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1.460 | 45779 | 27 |
1.465 | 183353 | 24 |
1.470 | 120070 | 18 |
1.475 | 51866 | 15 |
1.480 | 109636 | 13 |
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Change
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