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So, currently it looks like Magna is driving S/P down to acquire...

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nikelin

200 Posts.

26

09/10/18

16:49

Post #: 36055045
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Originally posted by nikelin ↑

I don't understand it. Can anyone explain it to me? Who's apart from someone who is for some reason driving the S/P down be selling at the market close with -10% to the daily VWAP price?

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So, currently it looks like Magna is driving S/P down to acquire more stock at a lower price. At least in such case it'll make at least some sense.

Also, I just noticed this piece in the half annual report:

Payment of US$1,500,000 cash and US$1,350,000 in shares to be paid on 1 September 2018 (settled during the period via the issue of 45,095,543 ordinary shares and 5,388,164 listed options exercisable at $0.11 with an expiry date of 31 January 2020)

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Can this also be a possible reason to seek an extra funding (Magna)?

Last edited by nikelin: 09/10/18

OGX Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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