OEX 20.0% 0.6¢ oilex ltd

Magna, page-50

  1. 421 Posts.
    " a new conspiracy is that Magna is playing the game to keep their takeover offer real. My guess is that they want a 15 cents or less offer, so that will take out all of those options, which currently provide a buffer."

    " the common sense approach is to wipe out option values. anything over 15c costs a lot of money. just basic common sense. Knowing the history of performance and astuteness of Mike Watts of Magna, a man you would be foolish to disrespect,"

    B/H in saying Magna are playing the game are you suggesting that they are on market sellers manipulating the price in order to effectively eliminate any options value value ? I don`t think so. Magna as a substantial shareholder must disclose any movement in their holdings to the market immediately and I haven`t seen that.
 
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