where to next?, page-1595

Its very hard to know for sure where the stock price will end up. The facts are someone who is a very sophisticated capital markets player (Merchant) has just bought $5.3M shares for 15c a share - a massive discount to listed price.

Whilst no-one knows for sure, there is a reasonable chance that Merchant (who now own the $5.3M worth of shares) might sell a few on market to make an immediate profit. This may put a downward pressure on the price.

Alternatively, they may end up holding for a little longer and trickle them in to the market over a few weeks.

They are sophisticated investors and (just like the rest of us) they want to profiteer from their savvy, heavily-discounted buying.