RE: Crazy share price8 Oct 2020 14:59
Well, it would be a genius move on this part.
>Bid offered at 33p rejected.
>Rather than get into a bidding war, bidding higher than 33p, he decided to invest $150m for ~26% at an average 18p
He then bought up all the cheap shares taking his total to 30% and proposed a takeover at 28p
28p would be accepted by all.
The above would explain a lot!!