ABG 0.00% $1.13 abacus group

what's going on?

  1. 3,420 Posts.
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    Just looking at the huge volume running through both ABP and ABPR, I cant help but wonder is this day trading or is someone trying to build a position through the rights issue.

    I would have thought if it was the daytraders, they would have been posting all day on HC, but not a single post.

    I have a feeling we may see a substantial notice come through after this rights issue (besides Kirsh), someone could easily pop up with 10-15%. 37 million rights and 22 million FPO's thru today.

    If someone bought enough ABPR's and then converted them, they'd have a very handy stake in the direction of Abacus.

    P
 
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