URB 0.00% $1.06 urb investments limited

Ann: Net Tangible Asset Backing, page-35

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  1. 5,668 Posts.
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    Hi Tinwins and all - I think I jumped too early. There is definitely something happening. You cannot tell me that someone just buys 1million shares in a thinly traded company and pushes the price up around 11%. So the $1.00 is in play maybe the powers that be at the head office have decided to support it until the market likes it SOL owns around 12% so can buy 8% without triggering a buyout. That's around 6 million shares and probably if the share price pushed up to around $1.03c I would think most would be happy.

    I am still happy with my decision as it wasn't only about price but more about the vehicle. You may also find that BKI has bought a few as there is no reason for them not to have bought. Essentially they are totally independent so can effectively both own 19.9% (except they may fall foul of common directors) - though they don't pick up WHSP announcements but have common directors so maybe not.

    Anyway not unhappy as I think I got a market price.
 
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