Stock continues to outperform the market.
As previously posted I think main support is coming from participants in upcoming raising that realize that there is no way that they will receive their requested allotment.
Consider the company issues a further 40 million shares.
I would be very surprised if Bruce Mathieson doesn't take a large chunk of it. He could still take approx. 20-24 million shares and be under the 20% threshold. That would only leave about 15-20 million shares for instos & other large investors.
Interesting times ahead !
Add to My Watchlist
What is My Watchlist?