RE:RE:RE:RE:Anon managing the share price todayQuakes:
RE:"For me to perceive this normalization for shareholder benefit, I need more data and understanding."
IMHO, FCU is getting a makeover under radar. The price containment is designed to provide liquidity while eliminating price volatility. The naysayers know this scenario very well. This is why they appear to be pushing agains a rope on this board. Again I'm SPECULATING as to what could be going on behind the scenes:
1. The FCU side could have received a bid that they "cannot duck".
2. FCU enter into price and terms & conditions discussions with the bidder.
3. Arrangements made with (a group of) brokerages to contain the PPS in a channel (say C$1.14 to $1.20) using anonymous shares. Again some will cry foul if they're looking for cheap shares as they know we're talking about a buying opportunity b4 a final deal (if any) is announced.
4. This is done in order to prevent price volatility during these protracted discussions.
5. Thus this is why we appear to see drill results and other news do not gettting any respect.
6. Once we have a meeting of the minds on price and terms & conditions a halt an an announcement will be made. Trading then jumps to the price offered by the suitor. While we await a counter-offer.
7. If no deal can be made then the stock can be expected to return to regular (unbridled) trading (& volatility), reacting to past news, etc until the next bidder shows up.
8. Again using the flying analogy, we have two flights in the air. One visible on radar and the other flying under the radar.
9. The one visible is trading between $1.14 to $1.20 vis a vis liquidity.
10. The one that we are here for is the price and terms and conditions being discussed behind closed doors.
9. I have posted a couple of examples deals in the past; the Tim's & Wendy's is a more recent deal that comes to mind.
10. Thus we have two flight paths. Lets hope for a deal that uses Dev's $3.00 as the underpromise and the negotiated deal as the, "over deliver".
Hope this helps.
FWIW
GLTAL-GLAP
Cheers
Stanley