OTCPK:EUCTF - Post by User
Comment by
kidl2on Apr 23, 2018 3:25pm
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Post# 27928085
RE:RE:Leede bough another 6K worth of EUO
RE:RE:Leede bough another 6K worth of EUOThis now puts Leede at just over 1 Mil shares purchased since Jan 1/18 at an average cost of $0.073 which translates to less than a $75k “gamble”.
Peanuts compared to the nearly 12 Mil shares SICPA bought during the run-up with a near double average cost. Maybe this buyer knows something SICPA doesn’t. Likely not as SICPA is on the BOD and thus should have factual info.
If something even remotely positive was in the making, logic dictates that SICPA would either buy in the open market or would simply buy out EUO which it could easily do at this stage of the game for less than 10 cents as there is no major shareholder to put up a fight.
Given this, the Leede buyer is placing a wager on a buyout which may get him a 25% return and leave the majority of shareholders with a capital loss as they are in with an average cost of somewhere between 12 and 17 cents.