Absolutely Nev ! and numerous other companies can be added to the SFR / OZL overnight raid modus operandi. In fact it happens all the time.
I have mentioned in the past a stock I once held (HDR ) Hardman resources which got gobbled up by Tullow oil an Irish company.
As well as numerous brokers working in tandem to accumulate stock ( under 5% reportable )that was later passed meekly over to Tullow- the main broker who was acting for the buyer was busily loaning 8 million shares to the shorters to drive the price down in the weeks prior to the generous offer.
Unfortunately for shareholders offshore oil drilling is an expensive business and after a disappointing J.V in Mauritania with WPL shareholders had little option other than the fold their hand.
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