well said! Take-over bid by one party is never healthy for the SP. There could be something happening and usually the shareholders are the last to know (We are most likely be the "dumpee" - ie the one who gets the dump after inside trading has done its course).
Let us hope it is not like SDL,where the management accepted a lower bid and at the same time showing good PR skills (blah blah blah..)
Often, before any meaningful increase in share price, there will have to be a "shake off", this could mean a drop down to 17-18 cents before zooming up above 20 cents. This is how professional (brokerage houses) makes money. Look at my previous holding of TAS,no news but it kept on increasing due to some news that has not been out but obviously leaked to inside trading.
This is the ultimate risk that shareholder do specially in small cap companies. You cannot sell out BHP but for small companies, manipulation and false news and double bluff is not uncommon. Shareholders Beware!
I still hold my EXS and infact bought some at 20.5 cents.
have a great weekend!
superox
EXS Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held