KWGYesterday when the bid/ask was 11.5/11,5, I put a market order in and got filled at .12. This trade did not affect the bid/ask. much later in the day the trading took it to .12. The situation where this stock is boxed in tells me that Cliff's wants it. Is there a shareholder's rights plan in effect?
Kwg had only 250.000 shares of SPQ to dissent for the purpose of seeking true value for itself. The CEO of Spider, who now apparently works for Cliifs, sold shares before trying to pass a reverse split that shareholers stopped. The share price went in half and gave Cliffs opportunity to offer a "premiun " price of 11.5 which they raised a couple of times. The merger with KWG (2,3 million penalty ) was another big cost to Spq. They spent a forture alone on the mailouts for all the votes, Imo, the whole SPQ takeover should be investigated by authorities. I believe th KWG management is trying to fend of a similar fate, but it seems the big fish eat how they want.