Is this the start of a corporate play for BTA.
Why would fund manager(s) trash the price of a stock sum $0.60 cents, risk being out (or having a reduced holding) when news re royalty stream is only one week away and be three weeks away from a capital return of $0.11 per share? They could easily feed out stock in an orderly manner and if the price does not rise dramatically after 28/10 well they get the capital return beyond 13/11.
It would be more feasible for a large player to shake the tree and collect the falling shares. This 15% (and greater) drop has not happened on small volume so someone is picking up the stock. And if they hold for three weeks they also receive a reasonable cash payment after the 13/11 and the potential upside beyond 28/10. To big of a drop and too large a volume for this not to have been orchestrated.
I may be wrong, but?
Hold and give them nothing.
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Is this the start of a corporate play for BTA. Why would fund...
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