The problem for them will come with the drilling of Cethana and...

The problem for them will come with the drilling of Cethana and indeed confirmation of the acquisition of Elouera...

Both of which should see significant interest develop and a situation where holding back the tide may be easier than capping the price.

It may well eventuate that an offer is made sooner rather than later for this very reason?

It is frustrating that such corporate chess can hold it back...but then again, there is nothing from stopping a large player walking in and buying up all the non-escrowed stock they are currently using to hold it down and in the process, take control of that part of the free float the directors are currently relying on to cap it.

In this scenario, with control of the only loose stock, the "buyer" could effectively push the stock anywhere they wanted it and provide a real spanner in the works given they would effectively control the majority of voting rights on any acquisition scenario...based of course on the parent company...and indeed co-directors of the two entities...being unable to cast a vote.

GUJ is vulnerbale here...and it would only take some $6m or so to do this.

I'll look into it...lol

Coporate chess takes many forms...and can be instigated by many players...if they are not careful here, they may well end up out-smarting themselves.

Checkmate!

Cheers!