The sustained effort buy 1 or more professional investment houses is really the only explanation for the SP suppression over the last 6 months. It is clearly still happening even today. Why it is still continuing is the truly puzzling part. Surely buy now they have had more than enough opportunity to accumulate as many shares as required. With this in mind you would think they are now in a position to try and realise some value for their considerable investment. The only other scenario I can think of is a low ball takeover attempt but after today news you would have to have rocks in your head to think the BOD and shareholders are going to let this go for a song like the previous attempt.
The only solution I see to this is sustained buying. This is really the only area I can see the BOD have not been exceptional. Maybe its time for them to step up here.
BGS Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
