Wednesday, November 21, 2018 2:17:35 PM
Ongpins was under investigation way back when for accumulating shares in philex mining, pxp's parent company before the spinoff,like a secret agent) and then offering them to pangilinan and first pacific which was trying to take over philex earlier. I don't put it past them to be playing games with our stock price either keeping our price artificially low or accumulating a position under a secret agent who could offer these shares to pxp for their nest 2 cents instead of the 10 cents we're looking for. Sounds like a conspiracy theory I know, but this is what these guys have historically done and how they operate. The only way they lose is if we get an unsolicited bid by someone like Shell who wants a seat at the forum table to eavesdrop, or if we are super tight with our own shares , then they will be forced to buy back a position they sold on higher price points destroying their strategy.
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