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.
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 .
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:
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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Given the new facts that have emerged, maybe you should be buying back now.... altho at 57 . 
