"3) Who has been selling the price down so much, and why have the larger shareholders not bought in if it is such a good deal? In fact why are not all supports of this deal buying up big now, do they expect the price to go even lower?"
Re. All the millions of shares traded since the announcement - might you not ask who has been buying?
For every concerned exiting holder there has been a buyer - isn't that obvious?
We haven't been hearing much from the new shareholders who clearly have faith - but we sure as hell have been hearing a lot from the bitter and twisteds, non shareholders and shorters.
What does that tell you?
This is a clear classic case of holdings passing from weak hands to strong.
The weak wither in fear and the brave laugh and catch the baby.
Sorry to sound smug, but this is what is happening.
Pinto
FML Price at posting:
3.7¢ Sentiment: ST Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)