FLX 0.00% 18.5¢ felix group holdings ltd

Shares traded on Friday were 4,628,006. Five large off market...

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    Shares traded on Friday were 4,628,006. Five large off market trades and one earlier last week have totalled over 2.3 million shares - Yanzhou Coal are not allowed to buy stock.
    Queensland Investment Corporation had been sellers in the previous quarter.

    Numerous earlier reports that Yanzhou were willing to pay just under $20 and a few that they would offer just over $20, seem to say that they would gladly up their present offer by $2 per share for Felix Resources.

    Three Felix directors control just under 50% of Felix stock and are under an agreement with Yanzhou Coal.
    A manager and former CFO control with one other, 20% more of Felix stock and are not committed to accepting the offer.

    Good reason to hold out for 27 dollars a share.

 
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