Hi Frogen
It was a text book play by the shorters.
I completed my buying in the “match” or between 4.00pm and 4.15pm st a price of 25.5c.
I then got an unexpected surprise with our major shareholder equivalently buying a large number of shares at around twice the price I had just bought my position.
Usually small shareholders do not benefit from transactions involving large shareholders. But in this case they have.
This shows clearly that Mr Elliot believes the value of the business is in excess of the price he paid (50c) and also shows the calibre of our chairman and ceo.
As a consequence of this I bought more today.
The shorters, and I expect a few bloggers related to the shorters, have provided me another excellent opportunity to benefit from their actions. Thank guys!!!!!
EWC Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
