You would have to think RED eventually.
There has been all sorts of shenanigans going on the last week - we know this now, but only with hindsight.
The price has been pushed up to influence the VWAP - which as of last night was 10.98c based on the last 19 trading days. Today will be the 20th day.
Prior to last Friday, that VWAP was about 8.8c.
At 10.98c, and an exchange rate of 1.27, an additional 184.4m shares will be issued on Monday.
At 8.8c, it would have been 230m shares.
Depending on who the buyers were...they might not be related to DBCT sale at all. In fact, I don't think they were...they were arbitrages who probably held SPARCS and wanted to convert and who have been pumping up the share price in order to now dump their converted stock. Obviously, there are pros and cons there - lower price equals more shares to sell, but higher BBI price means moire liquidity into which they can sell their converted shares.
But we may NEVER know.
These are just my views, others may think differently but I do know that -with the benefit of hindsight -I am glad I sold every sinlge share at 15.5c.
Good luck to all holders.
Coop
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