Trading TodayIt's very encouraging to see that Sirit's low volume trading was not influenced by today's overall highly negative market. Quite obviously we still have anonymous to contend with. From this week's trading we might assume that we are going to be allowed to trade in the narrow trading range of about 25 to 28 cents until anonymous or whoever is done doing whatever they are up to. I thought the SEDAR filing might provide some clues. In the agreement dated March 4, 2008 the share consideration value is based upon the five business day period ending on the business day preceeding the date of this agreement. That's 26.8 cents (27.0,24.5,27.5,28.0,27.0).
So then what is the significance of the projected closing date on April 1, 2008. It seems as well that there is a non-disclosed "lock-up agreement" between the two parties.