RE:Mat1791 - AnMar wrote: Mat's holy words...
...and my unholy responses
Ann, From my original post,
"Third, how the potential materializes and how quickly those potentials and speculated potentials get baked in may come down to tradable liquidity.
Ok, my mistake - the key words tradeable liquidity eluded me. But, I don't think the blackout period is in effect yet. Perhaps someone can verify that.
CGX = 77% insiders
FEC = 38% insiders"
/*
( the only useful bit in this post follows:) -->
If blackout in effect:
CGX tradeable = ~77 million
FEC tradeable = ~53.7 million - so illiquidity favours FEC not CGX
*/)
Rememeber, you swung first - said big Mat as his wife hit the floor.
(just what it sounds like - metaphorically speaking of course)
I see diplomacy isn't your strong suite neither - so did you re-read your work?
Call me Ann and I'll call you Barney, call me AnMar and I'll call you Mat1791
Glad to see your busy scoring points and making friends with the natives.
Not quite, good try...
Your reasoning only works if both companies had the same amount of outstanding shares
If I want to build a 1% position in either company, how much of the float is available on the open market?
CGX - 1% = 3,340,000 / 77,000,000 = 4.3% of tradeable shares need to be purchased
FEC - 1% = 865,000 / 53,700,000 = 1.6% of tradeable shares need to be purchased
"Remember, you swung first" I could be missing something? (sincere)
But your post/reply to my "Back of The Napkin 2", was it not our first interaction?? In my mind that was ground zero.
An - Correction, not natives plural, one native with a new handle every few days..."the collective"