Shares of Clublink have not traded above $7.00 since November 19, 2008. Over the last 3 months, shares have traded in the $5.00 to $6.00 range.
Mysteriously, on May 28, 2009, the day before the merger was announced, in the final 20 minutes of trading on the TSX shares of Clublink spiked by over 19%. The shares went from $6.30 to $7.47, in less than 20 minutes before the close.
Somebody, using National Bank as the broker, purchased $35 000 in stock (5000 shares) with a market order, driving the price up by 19%.
This is a very fishy trade and I have reported it ot the Ontario Securities Commission. Somebody clearly knew about the takeover deal ahead of time and decided to trade on the news.
I urge you to contact the Ontario Securities Commission as well and to voice your opinion. https://www.osc.gov.on.ca/Contact/ct_cat-form.jsp
Vote Against the Clublink Takeover 