If shareholders approve the deal then the date on which we can first sell or hold our Entree shares on the TSX is 30.6.10
I see a large sell came in today at 0.31 for around 650K plus some smaller sells at 0.31. Its unusual for a seller to expose a large holding like that. It tends to depress the price.
I believe we have a greater chance now of a second bid as Entrees price is staying flat in the wake of excellent news which is valuing their bid at 0.36 as at last night. Also sellers are depressing PMHs price.
Entree is now increasingly exposed to a second bidder as under the merger provisions they need to repeat this convoluted procedure to get their counter bid out allowing a second bidder free reign in the market
I have a buy order in again Waiken
PMH Price at posting:
28.5¢ Sentiment: LT Buy Disclosure: Held
