I watched the trading in AZA last week.
The share price is being held down and I suspect it is being done to keep the AZA shareprice in the appropriate price range for the ROC offer.
A blocking seller continually drops one million shares on to the sell side and moves it around to keep the SP in the range they want.They achieve this because AZA is not a heavily traded stock.They pull the sell order at close of trading and it reappears the next day.
I believe AZA would have climbed back to a dollar or more last Thursday/Friday or even surpassed the ROC SP if the million seller didnt control the action.
Blatant manipulation by....ROC ?? or AEL ?? to try and ensure it goes ahead.
Also wouldnt surprise me if the merger does go ahead at these depressed shareprices to see the merged entity taken out.
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