THe reason for yesterdays rise in Securenet was that Rivkin said in his radio show he had been buying SNX because its cash per share was higher than the current share price. He said he wants to vote for a buyback at the next AGM of SNX. Does this mean he has to buy alot more if he wants to have enough power to have influence over the outcome? Maybe it will be in his report on monday night as a new recomendation. I bought some yesterday as it looks like it has very little downside especially as they are not losing money and their cash per share is over $1.10 a share.
SNX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
