lets look at jct's post in a little more detail for the non-believers......
mbl get a quarter of nms when they underwrite the rights issue.
Q1. why agree to be underwriter to a 'dud' stock?
nms SP triples in a matter of weeks after mbl receive their holding, so how many do they sell to take profits ?
Q2. on 5/3 mbl update their holding notice due to the issue for purchasing subsea diluting their own holding......they havent sold one share......not taken a cent of profit......why do that ?
going back to Q1, why hold onto such a large holding that has made such a great profit, but essentially is a 'dud' stock ? yeah sure they couldnt offload their entire holding and expect to get the same great price, but surely they could have offloaded several million without arousing suspicion......so why didnt they ?
MAYBE, JUST MAYBE THEY KNOW MORE THAN WE DO.
MAYBE, JUST MAYBE LANGE GAVE MBL SOME INCENTIVE TO UNDERWRITE AND HOLD ONTO THEIR STAKE.......I GUESS WE SHALL SEE.
goodnight.
NMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
