Who is selling? When every time the bidding side is built a massive selling order comes in. Shorters? dml has already fallen over 60 percent, the management really need make an announcement talking about company's current situation and futures after the withdrawal of bidding from Chinese. The management has the responsibility to clarify. Because they encouraged shareholders to reject the offer which they believe is undervalued.
And from my option, the cost can be controlled below $2.00/ib, if not, how could the board be so confident to reject the offer? Really have no idea now about the sp performance. Any other technical analysts?
DML Price at posting:
63.0¢ Sentiment: None Disclosure: Held