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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Post by moneydazeon Sep 13, 2010 1:42pm
332 Views
Post# 17441691

who is 59 PI

who is 59 PIGoodmorning,

The Board has been rather quiet as of late and I thought maybe now would be a good time to query who our buyer is and what the intentions of this buyer is.

Over the past couple of weeks a couple of houses have been accumalating shares here at a rather quick rate. However with that being said and as I am sure most of you are aware it is "59 PI" who has scooped up most of the large blocks that have been put on the ask. I have been watching the trading and have not seen "59 PI" sell any of the shares picked up even when we hit a new 52 week high they just kept buying. This in my opinion has to be a house taking a large investment position or another company looking to establish a bit of a beachhead before making an overture.

Of course my ramblings are just that, ramblings. but what does everyone else think about this 59 PI shareholder?

Moneydaze
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