Wednesday, March 15, 2017 1:30:22 PM
The volume is unusual and the trading does seem to be promo-like, to a degree....but....if they are in the process of a merger, the timing of a promo now certainly does not seem very wise. Especially under Chinese ownership, your just asking to be halted by the SEC if they get wind of a p&d prior to a merger.
I am personally not buying this yet, just simply based on out of the blue volume, need to see some details first....but it is certainly worth watching.
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