i think this just confirms the so called sophisticated investors told meo they wanted to do a CR in the 50's...at the same time...they bought up the 50m shares in the 30's and 40's which subsequently took MEO to a high of 60c, in which they then sell their currrent holdings for massive profits, and keep the 50m shares still
so they make big profits, but retain the same amount of shares
this thing will turn around, it has to
fundamentally, it is becoming a joke, manipulated or not, i think woodside and chevron will be thinking, here is our chance to gain some decent exposure to that prospect we should have to ourselves
with an EV approaching 100m, its going to bounce soon, and when it turns, it will turn hard
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i think this just confirms the so called sophisticated investors...
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