A bit of manipulation on this oneThe same private investment bankers and hedge funds that boosted this, as I now suspect, have now probably gone silent as they take their profits ....
Mgmt should have sold this baby when the going was good or at least JV'd
Their leverage is now perhaps a bit weaker
This is the problem with the market these days, not many runnaway winners .. I really thought this would be it a few months ago
Looking to reestablish a position
Of course, the set-up now is that a buyout will now come at $4.00 CDN [when the stock is worth more] and the buyer and mgmt will tout the premium to the market price before the offer
Everyone will be happy to take it after such a beating in the last few months
ulysess