EPG 0.00% 41.0¢ european gas limited

Ann: Selective Buyback Offer Documents , page-23

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  1. 8,765 Posts.
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    EPG has been propped up by Maoming Fund (???...not sure if that's the correct name from memory) in the past, so it could be:
    a). propping of price prior to GM, to get resolution over the line
    b). buying to increase voting power of insider in favour of resolutions (but the recent buying it not that great relative to shares on issue).

    Lets see. We might enjoy a price spike in the days before the resolution. The insiders would like to be able to point to a rising price as a vote of 'the market's' confidence in the resolutions.

    Who knows, though, I am befuddled by the whole takeover shennigans.
 
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