Design Studio - exploded!

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13 years 9 months ago #4116 by Mel
Replied by Mel on topic Re:Design Studio - exploded!
Wonder who has been buying at above 55? Also, if Depa wants to up its offer price, what is the earliest it can do so?

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13 years 9 months ago #4117 by sumer
Replied by sumer on topic Re:Design Studio - exploded!
I own some Design Studio shares. I sold about 10% of my stock between 55cts and 57cts these few days. My remisier told me that my 55cts trade hit CIMB, who is obviously buying for Depa. Some of my trades that were done at higher prices, however, were matched against Merill Lynch. ML was responsible for some of the big lot trades of 1 to 2 million shares each, above 55cts.

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13 years 9 months ago #4118 by Joes
Replied by Joes on topic Re:Design Studio - exploded!
sumer, why did u sell 10% of yr holding at 55? When do u plan to sell the rest? :) Given the new facts that have emerged, maybe you should be buying back now.... altho at 57 .

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13 years 9 months ago #4121 by mokooi
Replied by mokooi on topic Re:Design Studio - exploded!
if indeed Merill Lynch is buying, then it would be a very good sign,.. but i doubt Depa would raise it\'s offer price much, considering the world economy and stock market is heading for a double dip.. :side:

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13 years 9 months ago #4139 by newbie123
Design Studio is quite quiet for the past 1-3 days... hope some bbs can push the price beyond 60 cents...

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13 years 9 months ago #4140 by Mel
Replied by Mel on topic Re:Design Studio - exploded!
The 55-ct offer by Depa is dead on the water becos.... a) everyday there are trades at above 55 cents. There are queues to buy at 57, 56, etc.The market knows Depa got no fire power as it doesnt hv the support of major shareholders. No one has said he would sell out at 55 cents. b) Depa cannot buy above 55 cents, so it cannot increase its stake which is now at 25%. To move things forward, Depa has to increase its offer to a more reasonable figure - like 75-80 cents. Hahaha..... Otherwise, there could be a repeat of the current situation.

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