AOE 0.00% $4.68 arrow energy limited

what's bofa up to?, page-2

  1. 1,871 Posts.
    lightbulb Created with Sketch. 26
    Yeah,thats a good question.

    I noted when they got involved last Dec and sold out in Feb,that AOE SP had dropped by about 50 cents.

    If B of A were shorting AOE and contributed to the SP drop,i would say that was to the benefit of RD Shell > a lower T/O price.

    If they were buying now to benefit RD Shell,it would be likely in the case of being able to make it harder for another party by having a bigger stake in AOE.
    Also there is no real downside to their stake in AOE,only upside,if or when another bid comes in.

    Just my theory.
 
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