sized sell probably explains it. Still think that the deal once it is announced will be in the region of the current MC, so we get the balance of the assets for free!!
Any substance behind this 8 million? And how do we know that lots of shareholders didn't register for the return. Where does this 50% figure come from? It appeared as a speculative figure earlier and has become a self fulfilling prophecy from what I can see.
With the low number of shares in issue and of that low percentage in public hands, coupled with the micro cap size and dealing with the big boys, I think this does have some potential. Like the 6 million share in BOOM too as that is going places as well.
Might take a few this AM and see what happens, you know what can happen with these small MC's and low shares in issue with a decent name involved. FITB springs to mind.