Kicking Horse Energy Inc. V.CEX

Big buyer

[righand2]

Sterling Investments, out of Barbados, just picked up another 3.5 million shares, at a price of $4.70. They now have a total of 11.13 million shares, or 18% of the total outstanding.

Ask yourself one question; why would they be buying so many shares, at only a 5-cent discount to the offer, when the deal won't close for a couple of months?

Probable answer; they expect a higher offer. Me too. :o)

[Toolmanrandy]

They did they same thing with Trioil

[righand2]

I checked SEDI, and there is no evidence that is true. So what are you claiming?

[TripleR44]

I suspect that Orlen is accumulating shares via Sterling. They are routinely buying shares at a discount to the bid between $4.68 and $4.70.   Why not pay less regardless of the amount.  The other trading is likely shareholders getting liquid or switching, arbitrage traders for the pennies, HFT (liquidity bots trading for pennies and credits) and perhaps algos.  I believe if