I have been in deals in the 1970s where it was logical that management was talking to the eventual buyer up to a year prior to the offer. Why do I think that?
Because I was buying the shares for the company everyday. Whatever traded they received half the volune and my civilian clients received half. In other cases I was told by the father, an old trusted client that a company was going to be bought out. How did he know? His daughter was the head CPA.
Another case I overheard a Bank Officer telling anther officer. They would have no idea I spoke their lingo. I did not buy it.
Another case I received a note to meet, no phone calls. I met my old pal, a President of a fantastic company. Name Black-Ops was coined. Learned of acquisition / buy out talks and surprise, surprise a deal took place 6 months later.
Our CYDY is in play. That's the term used when a company is under assault. Same broker is my guess. Uses the same method everyday and has been doing the huge buying since 2.8$
Use the chart as a history. Study how everyday the bid is nailed and trades millions at a 1 cent range. This is not normal action.
I suggest the shorts heed this advice. If you work in a building taller than 4 floors, work from home. We want your funds in our next deal. Just get ready to start over. Your toast.
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