TSXV:KUR.H - Post by User
Comment by
Crotchon Jun 03, 2009 10:59am
295 Views
Post# 16039994
RE: RE: RE: Attention Everybody
RE: RE: RE: Attention EverybodyCrotch, trading has been aggressive, in a few weeks, somebody at CIBC has bot over 5 percent of the current public float.
An undisclosed number of individuals and or businesses etc have used CIBC to purchase shares in Look. There's nothing to indicate it's been the work of Bell, Rogers, or Telus. I believe the word you are looking for is "speculation".
At the current rate of accumulation - which seems to be stagnating, or declining (depending on the day), it will take a signicant period of time to snatch it all up. And there is still no sign that UBS has done anything other than let their intentions be known about their current holdings in Look.
At this point, it's a crap shoot (although the odds are probably better at craps).
The deal will not end the way it was initially perceived - I'll give you that much at least.