the seller could just have a better option at the moment, and...

the seller could just have a better option at the moment, and simply be one person, who is selling for personal reasons.

The liquidty of VIV is a real problem.

Most funds have a strict criteria round liquidity. They need to be able to BUY AND SELL large parcels quickly and easily. Its impossible in VIV. A large parcel could double or half the share price. Usually its because the major shareholders hold too much of the stock, in VIV case its nearly 60%.

This is good to ward of takeovers etc which we might need against Sinopec....if the pilot is good and the chinese govt wants to do something big about there pollution, then Sinopec might just have to pay up bigtime to get there hands on it. Or at least do a very good licencing deal. And most importantly honour it so they can get on with it.