Why did m&g hide the last 12 million shares?
If you actually sell and get out as you say you are you don't hide that many shares.
Why do you hide them if you were a genuine buyer?
You obviously are investing in the company and want it to do well if you buy that many shares.
So if you hide them my shot in the dark is you are doing it to continue the process you used the last 22 million shares you owned.
The company told us they used 4 brokers to short and sell down the stock.
So to my line of thinking those 4 brokers got 3 million shares to keep the process going.
At some stage even with their churning (turning 12 million into many more) the brokers will lose some to genuine buyers.
So I'm hoping they don't have enough for more than one more big push.
The beauty is I can buy a few as they try and push it down.
Yes I bought a few.
Have been buying as I can from $2.09 to here.
Figure the brokers have enough for one big push or a couple of nibbles.
We will know when they have finished when good announcements are met with an increase and not pushed backwards within a few days.
Toughen up big fella.
The game is only at half time
CDU Price at posting:
$1.30 Sentiment: Hold Disclosure: Held
