TSXV:FCO.H - Post by User
Comment by
AyuFanon Jul 31, 2018 8:55am
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Post# 28390009
RE:RE:RE:Jervios sure purchase note/target $2.50
RE:RE:RE:Jervios sure purchase note/target $2.50In a perfect world, management would want to speed up their progress to drive up the share price hence making a hostile takeover very costly.
By slowing themselves down and delaying reports, this will only allow other companies to purchase more shares in ECS. Once taken over, management will most likely be axed at the end of their contract date.
Eight Capital... i believe it was a spun off by Dundee Capital (if you check their members, some were from Dundee). If they speak favorably about the takeover, my guess is that they would support a hostile takeover as well since they own 10% of the company.
Shorting the company shares to buy more would work if alot of retail clients sell ... however, if there's no retail client selling.. shorting it will not work as they will have to repay the shares once it is formally taken over... resulting in a loss. (assuming the takeover price is higher than shorted share price).
This is a good case study for market manipulation, poor management, collusion, insider trading.
Good Luck Everyone!