Current share price30 Sep 2017 21:48
lets face it, this stock is 90% institutionally owned, 60% of that with one fund, the remaining 10% being held by private investors. There are no short positions in the company so this price has been reached solely for the purpose of stopping out any of the 10% of private investors that used leverage to bet on the share price rising, nothing more. If there were no open bets in the market, I have no doubt that the share price would be at least 65p now and up until at least such time no offer is tabled. There are all the indications that this company will be bought out in the not too distant future and at a minimum 300% to current share price, that being the minimum price expressed by the Chinese, if or not Tosca would except such a low price is yet to be seen.
As I have previously stated, never before have I ever seen a takeover target with as good as a cash offer on the table trade so far below the offer price and can be for no other reason than the providers of leverage that bets were taken with are with the help of their brokers and the market makers attempting to keep this price low until they are forced to do otherwise, i.e. move the price to that of any bid. Would there not have been large open bets in the market I very much doubt the price would be at 20p, when the possibility of a minimum 67p is coming, its sheer desperation by the said companies that took the bets keeping the price low in order to not at this present time have to pay out.
It is happening to quite a few people on quite a few stocks at the moment and it is this evidence that proves beyond doubt market manipulation and share price rigging is being carried out. I am sure those connected to the manipulation will throw the usual excuses around about jam tomorrow company etc etc, which to a degree can and does affect a companies share price but at the end of the day a bid is a bid and the price should be at or around that given price until such a bid does not materialise.
If someone can name me a stock that is in play or has ever been in play and was also trading at a 70% discount to its lowest indicative offer please do tell me which one and I will take back everything thing I said.
You will struggle with that one, its a rigged game and they will cling on to your winnings until it is literally forced from their sweaty palms and there is few of those around at the moment I can assure you.
Just remember this, the current share price bares no resemblance to what the eventual take out price will be, its just a manipulated price which at present shifts the money towards their bank temporarily, thats all.
Patience and good luck to the believers.
Golden week in China next week so hopefully should have not too much longer to wait.
Regards
Dickie