WallWho would have that kind of share power...Anyone holding 681000 shares and I'm assuming its one shareholder would definitely be a long term holder who has accumulated shares over the years. and not someone who bought recently...Now a long term shareholder is Not putting his shares for sale just prior to news coming out after holding for years
..That block is most definitely put up by the company or Fronterra...in essence telling all new and old investors that the share price is going nowhere in the immediate future ...so stay away...
For some reason they want the share price in this range...why?....1 Possible share swap with Fronterra
2.Fronterra to make a bid for cgx shares they don't already own
3.News is close and don't want any further buying
by day traders and new investors...
Hoping its not 1 or 2 .....
Cant see how they can avoid answering questions on Thursday...if they do and skirt any direct answers....that tells me they are working on a deal.....GLTA