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$3.00 village roadshow limited

My assumption is that it is BGH buying up shares at a modest...

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Bobspongo

259 Posts.

40

08/12/20

12:13

Post #: 49418649
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Originally posted by LowryMike: ↑

Just when I think it's time to let this go, BANG 6 million shares traded at an average $2.99

5m shares in a special cross trade (S3XT) at $2.99

Another 1.8m shares in the BUY queue at $2.98

I can understand sellers grabbing the cash now for a 1 or 2 cent discount, but nobody is going to BUY millions of shares to make a lousy 1 cent, even though it's guaranteed in 2 weeks.

There MUST be more to this story.

Mittleman obviously voted YES/YES, but he could still very well take them on in court. Even if you backed out the VRC votes as ineligible on Scheme B, it still gets up - I'm confused about it all, but will watch with interest.

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My assumption is that it is BGH buying up shares at a modest discount to save the bureaucratic hassle of dealing with delinquent shareholders later.

I am minded to sell at $3.00 as the simplest way to get my money and move on.

VRL Price at posting: $2.99 Sentiment: Sell Disclosure: Held
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