Hey H,
In the past 3 weeks, volumes have been as follows:
Bid week = 277 million
Bid week + 1 = 34 million
This week = 75 million and counting
Since STO announced its bid, approx 386 million shares have been traded or 39% of the shares on issue.
NOW, take away from the total shares on issue (1 billion)the 24% own by STO and TRU (240 million shares), and the 13% owned by mgt (130 million), then the turnover in volumes on the available "tradable" shares is 386million / (1billion - 240 million - 130 million) x 100% = or a whopping 61% of shares able to be traded has changed hands in 2.5 weeks!!!
Something has to be up i reckon.
Mr P
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