more than half of the sellers (in volume offered), that is a whopping 1.5m, are offering at prices less or equal to the 72c where we were trading 2 days ago.
If they had wanted to sell at these prices, why did they not offer their shares for sale last week?
It is as though there was a mentality of waiting until the formal notice of meeting was released, in the hope that there was going to be a herd of bulls wanting to buy, in order to get the special div.
I believe that they will get bought but might take a couple of days to thin out the sellers.
EXS Price at posting:
69.5¢ Sentiment: ST Buy Disclosure: Held