BOW 0.00% $1.52 bow energy limited

Ann: Becoming a substantial holder , page-17

  1. 24,386 Posts.
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    Jake, Tui, et all,

    There is no two ways about it that someone is playing "silly games" with us. Because, why on earth would someone with a little common sense go and short BOW when we have an offer on the table that has set a solid base on our sp.

    If you are to look at the current total and uncovered shares that are outstanding, there are close to 3 million shares that are still shorted and uncovered, and even the other day someone shorted a little more than 44,000 shares.
    IMO, that could also be the case of the shares lending currently going on.

    Now think about it, why would anyone go and short just 44,000 shares in a company under a takeover or SoA position for God's sake. For, even if that someone was going to get a 2 cents swing it would only amount to $880.00, and the brokerage fees would have to be applied.

    As such, I am totally convinced now that someone is trying his hardest to keep a cap on our sp for the purpose of making the offer on the table looking good and acceptable, or they are trying hard to shake the shares out of the hands of some nervous and impatient nellies .

    Regards
 
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