KAR 1.72% $1.48 karoon energy ltd

power of cash, page-28

  1. 2,587 Posts.
    lightbulb Created with Sketch. 53
    Or, there could be a take over bid coming in , and they are smashing the SP to get things rolling.

    I remember a long, long time ago, the SP of crown casino really got smashed, down to something like $00.60, fast down [the story was the high rollers had been winning] and then after a couple of weeks Packer, bid for it.

    I always thought it was Packer selling the SP down before lobbing his bid.

    Possible. Particularly when there has already been a recent coup attempt on the board.
 
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