GREY:CNKEF - Post by User
Post by
stockfyon Sep 21, 2018 8:56am
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AIM's big investments in IKM & CKE -> Triple Digit Premiums
AIM's big investments in IKM & CKE -> Triple Digit PremiumsDon't let CKE's today's price of C$0.19 cloud your judgement. The stock has dropped with low daily volume, less than 100,000 shares per day. This is manipulation or a desperate retail investor who sells at the bid. CKE's premium on a buyout scenario can be more than 100% because AIM is the biggest shareholder in CKE. AIM owns 37% in CKE.
Actually Raymond James has been one of the sellers here, check the trades. So this is highly suspicious because we know that Raymond James sabotages CKE because CKE has not completed any placements through RJ. CKE does not need RJ, so zero commissions for RJ.
RJ has been promoting heavily indebted Delphi (DEE) with sky high price targets because DEE always works with RJ but DEE has tanked, see its chart.
AIM owned another natural gas weighted and grossly undervalued company, IKM (Ikkuma) that was acquired with a 160% premium a few weeks ago. IKM was below C$0.30 when it was acquired by Pieridae (PEA). See IKM's chart. AIM owns 19% in IKM, so AIM was on the negotiating table when the suitor showed up.......
So triple digit premiums with AIM on the negotiating table are feasible because these stocks like IKM and CKE are thinly-traded and can be manipulated by the suitor. Everybody knows this. So their price does not reflect the company's fair value.