is this another sundance?, page-3

punter
cant disagree with your logic BUT imo the market is saying something very very different
at todays price of 30c and assuming the deal settles on say 30/6/13 for 38c then a buy today would give a profit of 26.67% which when annualized is 106%pa
to me that sizable return is possible if and only if because there is very high risk...if there wasn't risk you wouldn't be expecting a return of >100%!
for the large buyers at 36c a month or so ago they have disappeared so maybe they too are getting worried
if you had a large holding like they have you wouldn't be able to sell and are imo trapped(as no buyers for a large parcel) and are just hoping it goes through
for smaller shareholders I suspect they are rushing for the exit door
for all shareholders I hope it goes through but if it doesn't than another SDL type share collapse will imo occur and a sp of 10c-15c couldn't be ruled out