RE:RE:RE:RE:RE:RE:Doubt this sees under 40.00 You do know that this development has been in the works for a couple of weeks now and was only released because of the leak which they had to respond to. This was supposed to be the ultimate short trap as one day we wake up with an announcement of sale with a firm offer price.
Today we saw a lot of small share buy/sell orders as the shorts tried to manage the price as they usually do. Market will not pay fair value unless there is a firm offer. $11 increased SP is just the start. Do they really need a committee to approve a 'stake' in CXR? Maybe, likely not.