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Bridge Resources Corp V.BUK



TSXV:BUK - Post by User

Comment by nanaimo16on Feb 15, 2012 3:56pm
280 Views
Post# 19539331

RE: RE: Share Price is in the BOX

RE: RE: Share Price is in the BOX

The BOX , in this instance, is a purposefull and legal  scenerio whereas the share price is controlled tightly on either side. In the case we see now with Bridge it is an essential situation. For a number of reasons the share price can end up 'out of control' in either an upside or downside in the event Bridge itself does not control the price. I believe bridge is completely in control of the share price right now, hence we see big relative bids at 1c and big asks at 0.015c. The difference is a 50% spread. Most likely there are Iceberg orders on either side. (Icebergs are buys or sells that are in place but 'hidden' underneath what we can see and can take priority over new conventional bids and asks. ...... Regardless of what investors think of the share price right now, ultimatley it will be the % gain that is going to pan out. I see Bridge just announced that the AGM has been moved from Feb 10th 2012 to March 22 2012. No doubt this has plenty to do with the offer they are sitting on. We will see if Paramax held the AGM on schedule today (Feb 15th 2012) or re-schedules its AGM as well. We have a Left and Right hand here with the two companies. Certainly day-traders will follow the upcoming action very closely because on may announce before the other.  I fully expect to see trading halts when the 'deal announcment' comes out. In the event of a good result many investors have the opportunity right now to do very well. simply called hindsight. Risk? well thats what these penny stocks are all about, luck N

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