Originally Posted by
BFG
Yup, seen this happen a few times. Looks like someone window dressed up to 40 since no one was in the way.
It has been extremely quiet lately from these guys. FY is not due until May so I do not know what this buyer is doing pumping the price. NTA is a measly 30 cents per share (which we all know is optimistic to begin with!) and there is huge expectations of profitability built into the SP @ 40 cents.
If they don't make profitability this year with a falling dollar then the market is going to savage them imho. A loss is still a loss, no matter how low the currency is, and these guys only know how to destroy shareholder wealth, not build it!