Sometimes the big parcels have no say they are just passed over with a " outside of rules " dump. Sometimes the market follows , there are a lot of small holders of BKN , small holders = volatility , especially in a confused panic. recent $2.50 offer , directors preferred $2.00 offer , share price should be 1.90 +. Everything should be back on track now the washout is done. There will be 1m shares in recently acquired shorts holders who will be asolutely reeling right now, another 10% tomorrow , and it's a shorters BBQ , all LT holders welcome.
This should still be a 2 suitor deal , let's put $1.50 on tomorrow , catch up the rest over the next few days.
BKN Price at posting:
$1.25 Sentiment: Buy Disclosure: Held