newsat hit with takeover offer, page-61

trin,

As I said, I assumed there is a conspiracy. I'm not saying there is one.

But if we assume one, then NWT can find somebody else who would bid for the company (very unlikely) or they can produce some news such as new contracts or a statement saying that they are now cash flow positive. This would lift the share price above what Edelweiss is offering and therefore the take over wouldn't stand a chance.

"If EWC doesn't want it to move"
Yep, exactly. EWC may have bought lots of shares either in their own name or via somebody close to them. Lots of ways to do things... If that's the case then they can now buy and sell between themselves, effectively blocking the price from moving higher. Again, I'm not saying that this is happening, but it is one scenario that could unfold if something was going on.

NWT doesn't have anything NEW to report. Yes, they released plenty and all good, but as you can see, it is not enough to move the share price. So they have to come up with something else and I'm saying that they don't have anything to report that would help us move above the take over offer.

I'm just spending time reading through stuff and trying to understand the trading patterns we've seen over the past few days and weeks.

Does that make my posting any clearer? Feel free to ask or comment or come up with other ideas. I'd love to see the broker list of buyers/seller. Maybe that would give us an idea of what's going on.

Good luck!