the MASTER KEY is B.C. Supreme ofAppealsTuesday night I posted that I would post next day what me and couples6 had an educated guess of news release for upcoming months. We only have a couple of witnesses but the lowball offer at about 0.30 was #1. just a coincidence it happened on next morning but we thought very soon.
Our best guess is that this was all planned about a year and a half ago by JJ. knowing all the way all future steps that were coming. They knew they were going to loose all judges decision because there lawyers told them. also knew last years price drop from 0.35 to 15 for about a year giving them ample time picking up the most shares could while staying under 10% of float giving them way enough to manipulate down, in the last few weeks we figure it cost them close to 3 million shares to hold lid at 0.16 and another couple of million since yesterday (New york trading was almost as high as Venture) to hold around 0.25 because the higher we go the higher next offer must be.
Their end game must be done before British Columbia supreme court of appeals announces that they will not listen to the case because this is what will make the stock pop much more than a lowball offer. In B.C. it usually takes 7 to 8 months to get told they will not listen to plaintiffs demand. which means about next March or April. I figure that in JJ's head a deal must be done at the very latest Febuary and if volume stays high it will be done much before. i would even bet that since yesterday they are selling at 0.24 and 0.25 and buying from the weak at 0.23.
K616, your calculations on what share price should be are not bad, but if they offer 0.50 in the next month you like me will have to tender because to many will accept. And JJ wins, not bad for a company that will have lost all decisions since illegaly bringing us down. No Corporate boards would try this in Canada because its non ethical on top of loosing face. In rice country, its considered "job well done"
For those who are not aware, the offer yesterday was not hostile, they asked permission. Poison pill only works if hostile. Which for the moment fooks up the reason I hold exactly 667,000 shares. The best that can happen for most is that no tender is done before appeals court throws JJ back on sidewalk.
There is a number 2 scenario.....Can someone please repost couples4 post from October 14 concerning a announcement of dilution at 0.15 when the 50 moving day was 0.27 and stock trading at 0.21