TSX:SRV.UN - Post by User
Comment by
flamingogoldon Jan 10, 2021 6:30pm
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Post# 32264264
RE:The 3.5 bidder
RE:The 3.5 bidderFor a sleep stock like this one, it is not often a bid that large gets put up. We will see tomorrow if it holds for the open and if filled does another large bid get put up after it, then we will know someone is seriously looking to accumulate.
jcw604 wrote:
Bid: $3.50 Lots: 634 Ask: $3.51 Lots: 23 It seems that these NRs were helping the 3.5 bidder to get his shares cheap. Don't know if the bidder is SIR corp or an activist. It will make sense that both types of people will be interested to do that. For SIR corp, the more they can get at less than 3.55, the less they will need to buy back if the transaction ever run through. For an activist, he certainly needs to accumulate a lot more to have more say to the transaction. I believe it is the later.