EAX 0.00% 32.0¢ energy action limited

great acquisiting, page-24

  1. 2,087 Posts.
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    Andrix in my view it is irelevant what other shareholders have paid for their stock. The share price will move where the profits dictate with a few swings along the way.

    Back in April you were worried it wasn't going over $1.82 for some time becasue Bill Moss was a seller. Most of the large shareholders probably paid close to zero for their shares because they bought out the business via a management buyout many years ago when the company was not much more than an idea. Does that mean they are all sellers at 10c because they paid close to zero?

    At $2.50 EAX had simply run too far too fast. Now it's consolidating
 
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