RE:RE:Special Committee to Review Strategic Alternativespatenright111 wrote: well, cxr response is better than denying the rumors and price will now have a floor of $35 cdn or higher but this statement by cxr is still up in air, who knows what will happen. I will say again, fishy - why would it get halted for news from Bloomberg saying cxr has been in talks, normally news agency would release it, stock would trade up crazy then a halt would happen. normally news from the actual company would get a halt as company notifies TSX, this makes me think CXR leaked this out to Bloomberg ( as they are pissed about the manipulation) and why the halt happened before the Bloomberg news
It might not be in talks for takeover at all.... It might just be trying to determine the best method to get shareholder value, and that could mean selling off part of the company which could add support to the shares if shorters are aware they are trying to boost the shares by paying off or paying down debt etc. Not sure what to make of this, but perhaps even if nothing happens shares may not drop back to $30 when trading resumes.