GREY:WFEMF - Post by User
Comment by
kilgoron Aug 01, 2015 10:55am
89 Views
Post# 23982596
RE:large volumes and other questions
RE:large volumes and other questions
I agree that it is a positive sign that institutions buy over retail. But there is a problem with this logic when it comes to Wof and the merger. Why would an institution buy and then accept a 90% loss by a yes vote to the merger (i.e. buy Wof shares at 6 cents only to get the shares exchanged for 0.6 cents on the dollar for an Almonty share --- 1 Wof Share = 1/10 Almonty Share). If the merger was going through, then why wouldn't Instinet buy Almonty shares instead. I fail to see the logic by that institutional buyer.