the top 20 tells me there has been no accumulation or manipulation at 1.3. It's just punters hoping that an announcement will come soon saying the deal is 100% complete and that the consolidation is better than 10-1.
That's pretty much it. Buying here people risk 20% to 30% if the consolidation is 10-1 but stand to gain more. That's assuming the deal goes through at all. And even if traders get stuck they have a chance to sell after the RTO when there is the usual small pump.
Hence nobody is keen to buy above 1.3c. The risk to reward becomes less attractive.
Hardly any value is being ascribed to gridComm. Checkered management history and fear of consolidation has seen to that
There is nothing more to ODN than this. All this gridComm research means nothing at all unless you want to buy after the RTO.
gridComm is ODN's last chance. This company will be delisted if this deal does not go through. By all measurements it's a horrible looking shell
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