ACX 0.00% $7.79 aconex limited

Not in a rush, page-34

  1. 172 Posts.
    Its clear that someone snubbed their nose big time at ASIC with all the shifty SP manipulation stuff that went on over the past year.

    Since the takeover announcement ~92m shares have traded and of those, 17m have been shorts getting out, which means 75m shares or 37.5% of the company has been bought by someone in the last 6 weeks.

    Its either lots of independent buyers, keen to make 1.3% by May, or someone with an interest in secretly accumulating.

    To get around the Substantial-Holding reporting requirements, someone shifty would simply have to set up multiple secret "arms length" entities, each accumulating less than 5%. And each entity would get a 1.3% return by May (plus a possible secret commission).

    Of course, this is only speculation on my part...
 
watchlist Created with Sketch. Add ACX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.