So what now?
A few things I have noticed.... 36 MM shares traded..
10 MM shares net picked up via CIBC... 13 MM total purchased
Maybe someone bought just under 10% to just avoid filling insider report?
With the 31% locked up and possibly the CIBC bought on their behalf... this still leaves them considerably short of the 90% partisipation they require.
The volume has dropped off thus either we have all capitulated.... or about 50% have dug in.... as .19/ share works out to 21.5 I figure DML offer more as the time ticks down.
If I am right and DML has asked shares to be taken up via 3rd parties they will have to sweeten that offer to get to their target.
Anyone who was going to partisipate would have sold into these buys...JMHO