So they won't touch Look because of the history of some of the insiders -- c'mon it's a government regulated asset which has extreme value. I know, I know, there's the whole "back door for IOU" cloud, but we'll get to that later.
Why if these guys won't invest in Look (because of the obvious corruption) did they invest in RIM -- management there facked over the "rules" with the recent scandal brought to light. And the stock went up, how about that. Why would the fancy money park itself there -- management at RIM appear to be just as crooked and contemptous of rules and regulations as the next guy. Why punish the little guys when they overlook for the heavyweights? Ah yes, the potential for the "funny business" here. It could happen or it could not -- if it's the latter, we are at the "bottom" level of the cycle. If it's the prior, then somebody's gotta pump this pig up so that we can have some distribution. Common sense says that this distribution could last for a couple weeks as there's way too many "off - shore" shares that need to be unloaded. There's not enough on the BID to absorb those millions of shares, so even worst case we should have a little run anyways.
And yes the other relevant question is, does Telus hold those 6 million so that they can sue, or do they float a little rumour to the investment industry that they're going to submit a bid for say $600 million so that they can unload those shares. Just thinking out loud here.