Stock accumulationThe huge volumes over the last few days indicates someone is accumulating stock - that is obvious, even to me. At 9.9% which is, give or take 17 million shares, they have to declare their position within ten days. If Genuity is their agent I assume they can delay things until the whole amount is acquired and the cross occurs. There is lots of chirping on here about a take over, IF that is the case, then it is way cheaper to buy them at $8 rather than at the negotiated price.
We should be watching for declarations on SEDAR although I suspect it is tough to pick up 17 million shares without driving the price way up.
In any event I am going to Mexico on Saturday so you can all be assured that all H*ll will break loose and I will be strolling the beaches with a beer and not knowing what is going on. A nice relaxing holiday with anxiety readings above .08.
It happens every year
Regards,
The Grizz