After price hit $2.94, there were very strong profits taking with 4 days down from 22/8 till 25/8. Loss of almost 8% within 4 days, huh huh :(....thought it will continue to crash down but nice price action support by COL on 28/8....bought almost every sell orders for that day. COL looks like determine to buy more and more. Price target 3.5 will be realized sooner than most think. Vote with your wallet and not with your mouth...another way of saying put your money where your mouth is...heh...heh? :)

COL crossing 30% ownership will give them an opportunity for a concert party...Their current ownership is about 22% -- they need to buy at least another 8-11% to reach 30-33% or 11 -15 million more shares. If they chase the price all the way to RM 3.5-3.60, iCap discounts will be narrowed or disappeared. Not many of TTB die hard fans will be induced to sell if they make a mandatory offer without any premiums to the NAV.

If COL have been accumulating share price at lower level of first 22% and next 11% at RM 3.5(assumption), they average buying price will be around MYR 2.83. They will sit on around 24% profit to make a mandatory offer at 3.5. It's not a great return after so many years of hardworks.

The most likely scenario is to let iCAP to continue to grow the assets while putting pressure on him to narrow the discounts between NAV and iCAP price. They won't kick out TTB based on 1 simple logic: why kill the golden goose?

TTB on the other hand is quite shrewd, through his newsletter, he has been guiding his subscribers for the first target iCAP price of 3.5 and second target of 4.7. He is playing a psychological warfare with COL....hoping the existing shareholders hold on to their shares or attract others to bid up the price quickly to make it much more expensive for COL to acquire next 8-11% block of shares in the open market.

Buy some chips and Cokes......Sit back and relax and enjoy the show: COL vs TTB.