I fully agree: the SP looks very much like it is being...

I fully agree: the SP looks very much like it is being manipulated on little volume for a bargain basement takeover bid and an offer of 20% or so over the SP would mean a large loss for a long term holder like myself with much purchased in the $1.70 range. Also note that since the price started to be driven down that CIF have stopped their regular daily buy backs. So why has CIF stopped the daily buy backs ?
According to a very recent in depth study by Intelligent Investor CIF is currently well under priced so if there is a takeover someone could be getting an absolute bargain. In the recent Intelligent Investor report it says it would not be unreasonable to see CIF go through $3.00 as the two businessess, Inexus and LBC have plenty of upside.
Thanks
Mark