BROADTEL COMMUNICATIONS (BRO) might be a minnow but it thinks...

BROADTEL COMMUNICATIONS (BRO) might be a minnow but it thinks
big.
The shares, last sale 0.5c, hand't traded for a couple of days
when they suddenly sprang into life on Monday at 0.6c.
The price climbed further to 0.8c on Tuesday as trading became
more hectic and 7.3 million shares changed hands.
The ASX became concerned and issued a formal query at 2.2c
yesterday, after an explosive burst of trading had carried the price as
high as 2.5c in opening dealings.
Turnover had soared to 55 million, or more than one quarter of
total issued capital, in only an hour before Broadtel called a trading
halt.
The company later revealed it had been in discussions over the
possible acquisition of a complementary telephony business with
"considerable potential" that was "of strategic value to the company"
and "in a market that has demonstrated huge growth potential".
No wonder the shares were running.
At the peak price for the stock the early buyers had quadrupled
their money in less than three days.
Nice work if you can get it.
The canny punters will be hoping their trading profits get even
bigger when the shares return to the trading lists today.