sp re listing ? how long is a piece of string

Seeing the other thread is closed and a lot of the posts were directed at the post re listing s/p I thought we should start a new thread on the subject.

Firstly let me say I have no idea but do have some charting targets in place for both positive and negative news.

What I do know is the number one and number two top shareholders have roughly the same amount of the company.

the number stock holder M & G investments have 22m shares bought at prices between $2 and $4.70 for an average purchase price just under $3

the number two shareholder Oceanwide have 21m shares bought at $3.80 and $4.

Now while its possible that the S/P could fall below $2 on light volume on pent up selling demand , stop losses and panic - it would seem far fetched to think that at least M & G would not step up to the plate and buy on market to try and get to 19.9%. at those bargain basement prices.

Conversely the other parties that were in discussion to to take some stock at $3.80 would also probably be happy to buy on market Sub $3 and certainly sub $2

Talk of the S/P going to $1 would need a full blown GFC 2 or Euro crisis to escalate to have any chance of eventuating ( IMO )

I imagine if O.W are going to want to have a formal approach to shareholders to reduce the 15m at $3.80 voted at the EGM then we will probably see a motion to vote to that effect when we get the notice of AGM due any day now.

Lets wait to we get the AGM motions before we start the S/P guessing game.

Cheers Hoot