Worth a lot more than .60 cents The display of volume involving Desjardins may have been a manufactured illusion to give investors the perception the company was having problems. Just my opinion. Desjardins selling to a friendly broker?
But then I managed to buy almost 60,000 shares offered at that time of weakness and could have bought more but was wondering what the hell was going on.
Just thinking out loud ....In this game anything is possible.
Will do some research to find out large holders of this security who may not tender at .60 cents
to the effect that the offering price is below what it considers fair from a financial point of view to the minority shareholders of Jite as the firm has ascribed a value range of $15.3-million to $17.0-million (76 cents to 85 cents per share) to Jite and its business, on a going-concern basis, as at Nov. 30, 2011. However, Evans & Evans indicated that there are qualitative factors, including: (i) the lack of liquidity and low volume of trading in Jite shares over the past several months; (ii) the offer price represents a 115.44-per-cent premium over the average closing price of Jite shares on the TSX Venture Exchange for the previous 30 days; and (iii) the offeror currently holds a 56.2-per-cent control position and provides all senior management personnel to Jite, which contribute to overall fairness that shareholders may consider in responding to the offer. The special committee considered the perceived investment risk applicable to companies with Chinese operations as an additional qualitative factor to be considered.