SKG skynetglobal limited

takeover, page-15

  1. 2,922 Posts.
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    re: $500,000.00. buyer ! I wouldn't think so.
    The last time SKG made a private placement 32% above the closing price they went front 4c ($1.68) to 12c ($5.04).

    It would seem that who ever put up the cash was happy to pay well above market price.

    Perhaps the Russians have just found out that the finance is approved ? They can't buy a decent block of shares on the open market, so they were prepared to pay a 32% premium to secure a piece of the action.
    This is all just theory, but it does make sense.

    I think I should get the Hotcopper post of the month ;-)
 
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