pdn friday trading, page-4

auction

well those 627998 blocking sells had the desired affect.....they were successful with the panic attack....
they managed to collect approx 169,00 shares at an av of 127

not what one would call a raging success......but the aim was to prevent a rise above 128.......the mop up continues.
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ONLY 20 trading days left in June...so they will have to work hard to reach their maximum accumulation targets....

at the same time keeping a close watch on their over all averages to claim a tax loss for the 2012 tax year...to be offset against profits they have made during the year......

almost the same tactics in may and june year after year...
but there was one exception not too long back..after the GFC mess....just about everyone was holding paper losses...so the same attempt to push prices down did not happen......

if there is a party out there aiming to attempt a takeover after July...then I suspect they would have been in the market buying on the lows....making sure they stayed below the 5% reporting level.......they would not want disclosure as that would cause a unwanted surge in the price...on speculation of a bid for the company........

any big rises would happen after June 30

previously I have set a base price for the stock at the 2017 Con vert note price of US$2.19 ..

..so to justify a reasonable bid the price will have to rise to or above this after June 30.....to justify any offer to their shareholders......

a premium of what seems to be industry standard of a min of 33% could be expected.......

The top 20 have had time to average down...so they will not be agreeing to anything less than what they are owed...plus they will expect a premium ......

to date the top 20 and all shareholders have received NO DIVIDENDS or RETURN of capital...so a premium will be warranted to show a profitable return on this investment.....

The big players would have made some profits via lending stock and trading the highs and lows.....but much of their holding were acquired at much higher prices......so a premium will be mandatory for them to deliver this company to any suitor.......

If my observations are correct...they are or will be in a strong position to deliver the majority of the stock and leave whats left over for compulsory acquisition

good luck any big pull backs may offer buying opportunities...but time is short.....only 20 TRADING DAYS left in JUNE

good luck