I hope you're not fantasising about a possible PFG takeover to lift the sp? If PFG were interested in buying BUD, they wouldn't be dumping their stock.
Mind you PFG are in a perfect position to acquire BUD because they have screwed the company...hard, with complete consent of the one and only DM. There are absolute basket cases on the ASX (scary, but much worse than BUD) who manage to negotiate far superior finance deals. Who in their right mind agrees to a 50% commitment fee in addition to an extortionate interest rate?!!!
Now PFG is the sole entity with security over all of BUD's assets. They can keep dumping the stock, and wait for the company to go into default again. This way they will actually have been paid by BUD to acquire them. If Nov/Dec don't show extraordinary improvement over October, then this becomes a very realistic scenario.
BUD Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
