"(AZA is not a heavily traded stock.They pull the sell order at close of trading and it reappears the next day.
I believe AZA would have climbed back to a dollar or more last Thursday/Friday or even surpassed the ROC SP if the million seller didnt control the action.
Blatant manipulation by....ROC ?? or AEL ?? to try and ensure it goes ahead.
Also wouldnt surprise me if the merger does go ahead at these depressed shareprices to see the merged entity taken out.)"
melinvest,
I have no doubt in my mind that the stock is manipulated in order to keep the price of AZA shares, withing range of ROC's sp.
It would be of no use to ROC, if AZA's sp would be greater that ROC's. The sale would not proceed, hence what is happening out there at the moment.
As for the million shares that are pulled every night at the close of trading, the reason is that if they will leave it there, someone will take it out after trading hours.
What we have to remember is, that AZA is making money, lots of it, is well cashed up, is debt free, and it has about 10% of nexus's shares.
So the current sp, is totally ridicolous and out of the equation. What concerns me though is that AEL may be in favour of the merger.
I can stand correcting if I am wrong but, I think that their (AEL's) offer could be better than ours. As to why it is anyone's guess.
I really wish that BPT or someone else like Santos, would make a move, and do a Takeover of AZA. I would have no hesitation whatsoever in signing the dotted line, scrip for scrip.
Good luck to holders,...........Buddy
AZA
anzon australia limited
