What Foxy's saying is, what other reason can anyone think of to justify insiders failure to participate in this low price environment, other than, an understanding that they will allow the price to fall, without interference, to facilitate the accumulation by an interested party, at a price much lower than what Ernesto will accept in a buyout.
Someone will jump all over this post, saying doing that is illegal or immoral or Teck wouldn't be a party to it. Baloney! there wouldn't be a paper trail, but a closed door verbal understanding among people that trust each other. The ammount of money involved is considerable and would have a meaningful effect on the AB cost of a buyout.
If this were true, insiders couldn't be accused of anything other than standing by and not interfering in the natural flow of the market.
If this is the only way for us to get a reasonable price in a buyout, I would say it was well managed and fair. no one is being forced to sell, and our management is not manipulating the stock price. They're just not affecting it in any way.
What other companies may do, and if retail investors get tired of waiting, is none of our business. the name of this game is money and if you're not strong someone will take it away from you. This is my opinion.......chunky
