Sometimes holders being in the dark suites OTHERS(!) KTL;-)
Given the relatively short timeline the lenders have been given to sort the finance any associated fund that might be buying on their behalf,and we all know it goes on,will be keen to accumulate as quickly as possible.This may be another reason for any delay on the potential lender/s signing on the bottom line.
This is not to say that all this buying is accumulation.Their aim wont be to accumulate significant holdings but just enough to be able to trade the stock to make more from the deal.
But there are buyers out their keen to pick it up at 8-8.5c and there must be a reason,otherwise this stock on these volumes would have floated down well below 8c by now.
But then a little disclaimer on my part.I do like such conspiracy theories as it probably gives me more reason to hold such stocks.Call it blind faith!
d.
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