09-05-2013, 04:31 PM
(09-05-2013, 03:28 PM)opmi Wrote: As said, ST not cash rich. EHL is very cash rich.
So he is trying to 孔明借箭. Using company cash to reduce the o/s shares, so he can to hit 90% without using more borrowing.
All his patterns only showed that he very 'gian' EHL at 18 cents.
I think maybe it's because he would not be able to get any meaningful amount of shares unless the share buyback is significantly above current price, but doing that is not good if he wants to make an offer.