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Bullboard - Stock Discussion Forum Regent Pacific Properties Inc V.RPP

Regent Pacific Properties Inc. is a Canada-based real estate development and investment company. The Company invests in residential and commercial properties located in Edmonton, Alberta. The Company has a portfolio consisting of about 72,675 square feet three-story commercial office tower and attached single-story bays with an underground parking facility (Cassel Centre), located in Edmonton... see more

TSXV:RPP - Post Discussion

Regent Pacific Properties Inc > WHo is buying the shares at 0.21?
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Post by sdi1 on Sep 07, 2000 1:27pm

WHo is buying the shares at 0.21?

People, it is very funny! Who are buying the shares (tens millions of them) while the deal says it is only worth 0.20 a share. The idiot CD secrity tries to sell of of us by approving the deal without soliciting new buyers. This sounds really complicated. Big GUYS pretend to be silent. But are there any other choices other than HOLDing? The answer is NO to me. There is no doubt that some "non-idiots" are positioning themselves for a new deal which wil be at least 0.30 a share. It is so quite here comparing to the volume in the past week. Of course, if the new player get enough shares, the new player is able to manupulate the situation. Imagine ten million shares average everyday for six weeks! By now someone probably has got enough shares to do something. Something like what? I don't know. Remember 110 millions of shares changed hands on the first day after the deal was anounced? Ha, Ha, Ha, Nice show! It is so sexy! Sexier than "Star War, Epsode I."
Comment by fmkap on Sep 07, 2000 3:12pm
It is surprising with a volume of over 4 million the stock has only inched half a cent. That means a lot of shares are outstanding. The Finnsh company has just announced the takeover/merger, and the stock prices doubled. I know Repap is the world leader in coated paper, but I find the price of the stock artificial. Once the merger will go thru the companies will have to do a lot of cost cutting ...more  
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