Neil, if that's the case what would have been the point of buying any at all on the open market or hiring brokers to purchase the shares. Surely they could have brokered a deal with Ocean without the need for a third party.
The reason BLVN have bough so few is because they are in discussions with Ocean and will buy the remainder of the $10m off them, Ocean will have made a 30% profit and KH and his team will use these for future awards.
So far both RNS's re buyback have come out at 7am so we must assume BLVN did not buy yesterday. Volume remained high @ 4m and despite the SP's small drop at the end interestingly the VWAP remained around 29p all day. There were no delayed sells only buys. Let's see what happens today.
Always a good sign to have a deramper on board, so welcome Chris 2. Currently we are trading around cash value with 86p worth of assets. There is a $10m share buy-back scheme underway so I'd be very interested in knowing which sky you plucked your 24p price from. Thanks.
Playing around with the share price has not changed the fundamental future profatibility of this company. Unless something major turns up in the next 2 weeks to suggest that profits are on the horizon then this share price will retrace. Look out for 24p. Could be wrong.lets hope so for those who have just invested.
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