BYE buy MEL?!?, page-13

Hi OG...could be a number of things I’m guessing...and one them is why you and I had trouble getting set......no wants to buy into a stock and push the price up 10%-15% on their purchase..this is typical depth..bugger all for sale...could be plenty of buyers in waiting who might emerge if suddenly there’s a couple of million @5.5c...
Also these guys haven’t had much action for quite a while......and there’s the ex director/ large shareholder situation ..where he explicably voted against the merger with BYE...the suspicion was he did it deliberately to pave the way for a takeover of Mel...and imo that’s how the MEL buyback was put in place..
I believe this ex director and his SE Asian backers still have close to 20% ..and this also reduces liquidity because all the long term eras are waiting for the take over move....or the day the backers give up and start selling...hope that helps...?
Stumpytrunks will be all over that later part and probably correct and expand a few details...and been a holder for a while and have a few ideas...