Maybe the deal is done
Perhaps Orvana does have most of the shares it needs through third parties.........
Only 5% of kinbauri is held by insiders, 45% by institutions. They have 8% confirmed as the biggest holder. With 50% of the float held by individuals. Glencore might have locked up 42% According to Standard and Poors they have 700 investors total (2008). Not a lot to shop the deal before it was publicly announced.
Will wait to hear from some of the institutions holding stock before the deal is discounted as not happening.....