out of interest - what would stop BPT grabbing everything on offer at 16.5 or under (I reckon about 7.5m shares on offer at moment) - or would they not bother (for approx $1.1m)? Is it just not the done thing?
I really see no reason for any seller to be considering getting out for under 16.5 unless they need the cash to cover themselves for losses over last few weeks on the market. It doesn't look like any of the doom merchants predictions of reversing back to 12c are likely to be fulfilled.
ADE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
