I have a hopeful theory without ANY firm evidence. At least 1 and now probably 2 organizations have each accumulated almost 20% of the stock. They have to report and follow formal procedures if their holdings exceed 20%. My hypothesis is that a big US pharma has been covertly accumulating cheap ACW stock earlier and since mid-October (about 300 million shares have changed hands since Oct 23) and may have an arrangement with other large holders. The logic, with no evidence, is that a US company would right off the bat pay a currency discount of 68c USD on the Australian dollar. If the US company were to make a bid to purchase or partner with ACW, they would have the massive benefit of currently cheap stock and a very beneficial exchange rate. Then, by already owning 20-40% of all the stock at or below .05 AUD, their much higher bid price for the purchase of all remaining stock, now maybe 60% or so outstanding, would save them a lot of money even if they looked at an offer of cash and maybe stock of $1-2.5 AUD for all outstanding shares. A big US pharma should jump at the chance to run a wide and deep range of studies to definitively prove how many diseases, conditions and markets Xanamem (safe, patented, unique and biologically functional) can benefit and presumably make the cortisol hypothesis a central plank for prevention and treatment worldwide (like cholesterol) - with a market of a Trillion dollars during its patent lifetime and millions of lives improved. Foreign acquisitions require disclosure and specific regulatory processes. I am going to sleep tonight with this dream as my comfort. We'll see what unfolds Monday and beyond. Sweet Dreams.
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2.7¢ |
Change
0.001(3.85%) |
Mkt cap ! $79.51M |
Open | High | Low | Value | Volume |
2.7¢ | 2.8¢ | 2.7¢ | $224.5K | 8.316M |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 2785949 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.7¢ | 2741224 | 4 |
View Market Depth
No. | Vol. | Price($) |
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20 | 2785949 | 0.026 |
41 | 13548255 | 0.025 |
18 | 4354974 | 0.024 |
15 | 4149856 | 0.023 |
13 | 3776717 | 0.022 |
Price($) | Vol. | No. |
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0.027 | 2624558 | 3 |
0.028 | 2023559 | 8 |
0.029 | 1083967 | 4 |
0.030 | 567700 | 4 |
0.031 | 1051771 | 4 |
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