This is one strange stock - Large holder VIK owns a large chunk & tells the market he is selling - no wonder there are no buyers!! King has lost it - glad I am not into VIK - Not many fund mangers talk down there holdings!
This is one strange stock - Large holder VIK owns a large chunk & tells the market he is selling - no wonder there are no buyers!! King has lost it - glad I am not into VIK - Not many fund mangers talk down there holdings!
I am with you on this one. Why would someone with a large holding in a illiquid stock go around talking down the company and depressing the price? It will be hard for VIK to raise any further funds in the future with the way they have handled their current investments. Thank God I am not a VIK shareholder.
disc: DPC shareholder
I see that he has sold another 50K at 92 cents today.
Well im presuming its VIK. Beyond belief really. Read the VIK address at the agm and you will be astounded :)
Far out, you're right - I hadn't read the AGM address. Were they handing round crack at the meeting??
Disc : None.
Just read the VIK agm. ..LOL. They must have had a good smoke before the agm.
I think it was Robert Heinlein saying "never underestimate the power of human stupidity" - but I am still wondering who could gain from VIK talking (and selling) DPC down? For every seller there must be a buyer - and over the last months a continuous flow of DPC shares changed hands.
Just imagine somebody might be interested in a takeover (the NTA does not look to bad - 186 cts for a 90 cts share!, and some of the business parts (reverse mortgage) look like growth) - wouldn't it be clever if somebody else invests a bit of money to first talk and sell the shareprice down?
Any idea where all these shares (sold by VIK and others) are going?
This is going to be a very interesting story. To me, all things arent as they seem. There are many possibilities and one that stands out is a possible takeover. It doesnt make sense for BK to openly crtiticise DPC when he is telling the market they are going to sell. Could this mean that he is trying to scare the SP into submission and then come along as the white knight? The other end of it is he just taking the whole thing way to personal. Generally BK is a very smart man with contacts in the right places. But if he does have sour grapes does that mean that his rational under pressure is being exposed. Personally i dont know but there is plenty more to come.
Looking through the VIK address its clear that BK is talking about all the wonderful things that they are doing. In the end i really do wonder how much time and effort is going in. One thing looks certain, BK is taking the pss out of the investors and only thinking about his own pocket.
Does anyone have any real insight on whats going on? In all honesty i dont expect anyone who does to opening come out with it as the information is too valuable.
a takeover would be near impossible with St Laurence holding 19.9% and Hugh Green holding 19.9% so that is out of the question im afraid
Agree there Blackcap, DPC is in the same boat as RBC, both having more than one blocking stake...
A classic mexican standoff, & will depend on who wants it bad enough.
My take is HG will go but only at the right price, & DPC will be swamped by STL.
$2 would do it IMO.