Thursday, 22 March 2012

The Squeeze Is On (SVVC)

SVVC released its 10k yesterday. The share price shot up over 10%. The final sentence on P32:

"On March 20, 2012 we acquired an additional 70,000 shares of Facebook at a cost of approximately $2.2 million"


Yesterdays post was bang on, if they buy more FB, the share price will go crazy. 


The disclosure of a $2.2m purchase increased the market value of SVVC by almost $10m! The Squeeze is on.

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