Lets say the NTA comes out at $2 (I have no idea, just going by KPMG roughly and its a round number). So someone sells at $1.20. And someone buys. Either open market, or, them in buy back. And it goes to $1.25. I'd probably be looking to be a buying on early selling with plan to shares back into the buy back. Any buying I do lifts the share price, and then their buy back comes behind me. I give them credit here, this is pretty clever. I do think at the end of the day- 3 days- that the full 10% will be sold and the register will be even tighter. Those still in after are those probably happy to hold, wait and see, get any divvie (if payable?) Share price could be what.....$1.65 in that instance? If they didn't do that then supply/ demand imbalance could send the share price to what...$0.50 cents? Probably. This is pretty clever. What I don't get, is how can they be clever on the trading and this kind of stuff,but so moronically dumb on all how they manage their announcements and word those?. Amongst other head shaking questions I have. Either way I'm extremely keen for this to give an NTA and start trading again, and significantly less concerned with how the share price might behave right after it opens.
Can someone tell me what % friends and family of the Pirate Crew own in this? My recollection is that there aren't that many shareholders in this anyway and insiders are 70% ish.
Also would he / they be out of trading restriction and able to buy more on market themselves if they wanted? If they get to 90% they can compulsory aquire us. We actually forget that IF this is all legit, AND they believe the value of the parts, its in their interest for us to sell out and them to mop them up. They'd actually want us to sell to them. Hmm, interesting
HML Price at posting:
$1.99 Sentiment: None Disclosure: Held