I see Richard Griffiths has trimmed the top off his, still very large, holding in GVC which helps pay for his Blinx purchases. His stake in Blinx at these levels looks very shrewd on a risk/ reward basis - I suspect that further purchases might provoke others to join him which in itself could put some useful pressure on the Board.
Because that site continues monitoring the trades after the UT called, it's hilarious to see all those huge after hour trades tonight have given us a handsome gain of 0.03%! Nearly 10 M volume today... It's a joke..
Only held those shares just over a year and only made about 1% profit! I'm not doing too well am I?...don't answer that one! Mind you, WPP finally picking up at mo..talk of better dividends got the ball rolling.
Anyone else get the feeling that there is now a full blown battle taking place between those that want the share price to rise and those possibly sitting on huge naked trades that want Blnx out of business so they don't have to buy back?
Given the number of shares in issue and the current share price I would guess someone with deep pockets just needs to keep soaking up the sells until the point is reached when those with the exposure have nowhere else to go. At that point releasing a raft of good news could generate some fun. Just a thought.
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