I found yesterday's 100m dump @ .4c quite odd. I try to see some logic in strange actions but its hard in this case.
Of course the dumper may have just wanted to quit his 100m shares.
but, whoever it was, will be able to buy the exact same amount at the exact same price under the ssp. zero sum game except he has transferred $400k from market into MSC coffers.
the statement from Alto would seem to be an underwriting statement ...without the legalities. They have said they have 'firm commitments" for the entire issue. thats pretty definite. Was someone really trying to scare off potential investors to pick up more from Alto?
The dumper could have been sitting in the 3c queue hoping for a selling stampede? nahhh!
Whatever, its a mystery.
MSC Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
