A strategic placement when you don't need extra funds would have to be at a premium. I suspect it will be to a larger fund manager or pharmaceutical company that can see the potential.
If they tried to buy on market, they might be able to get a million shares, but the cat would be out of the bag and the share price would run to something that they would consider unreasonable. Better to do a deal with the company and get their 5% or so at a sensible price.
So it will probably be to one buyer and not necessarily help liquidity, but will certainly put us on the radar of serious investors.
Cheers
Westwind
Ann: Trading Halt, page-11
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37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.49M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.5¢ | $3.562K | 9.498K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10335 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 13877 | 2 |
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