whoa, looks like Vector just sold out, 63m shares (approx $6m), any thoughts on the buyer...?
Printable View
whoa, looks like Vector just sold out, 63m shares (approx $6m), any thoughts on the buyer...?
Nice 10c, a pretty good price for the buyer (in my view). interesting that Vector would hold as long as they did then bail.. I guess the board shakeup and lack overall influence has impacted the decision to sell out?
Goodness me. That's a massive discount. Why even bother selling out for 6m? A bit strange. Good riddance to Vector anyway, they have done nothing for this company.
Not sure about Vector's intent here. Could be a bit of pressure on the SP for a while as it said a variety of parties (unknown to Vector) got the shares at 10 cents. Or it could be one or two parties with more hands on involvement. But if its a whole host of ppl some may take the easy 40% and run.
At least one broker is placing shares with clients.... so looks like it will be a bunch of retail investors.
liquidity has always been a bit of a factor on anyone looking at a serious holding. Nothing worse than pushing it down 20% just to sell out a circa $25k position. Could be good in the long run.
All sold in minutes