Thursday, 7 July 2016

ELLIPSIZ - HIT A HIGH OF $0.39(TAKEOVER OFFER AT $0.38)

 
Ellipsiz an uptrending stock that we posted on our blog this morning 10:38am that worth looking out for. In the late afternoon, a married deal of 38cents spark off a rally hitting a high of $0.39. The takeover offer was trigger due to the substantial shareholder(David Lum) acquiring additional 7,932,000 shares at 38cents crossing the 30% mark. We remember back in 2015 when DAVID LUM bought a huge chunk of shares at $0.14(pre-consolidation), post consolidation is about $0.42. Will it rally past $0.38 tomorrow, we shall see properly.
 
 
 


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