this counter will be a very interesting one in the months to come.

What's great is with all these trading, it's probably more of less comfirm there's a new guy in town.....My bet is a rights issue at some point after the initial action dies down

well....we've waited for a long time. the next few months is going to be very very interesting to see what the potential buyer does with Achieva, its existing business, its shitload of cash and any corporate action resulting from the 6mths left of the approved resolutions for any 1 for 1 rights issue which shareholders approved at the AGM in July 09.

Assuming he buys up founder's stake.......or has a controlling stake

I think there would. Why should the founder cash out without much of a premium unless there is a side deal since the coy has so much cash.

Anyway, looks like accumulation at the 9c / 9.5c once again. The SGX querry really killed the momentum.

There was a huge 1.8m buy up at 10c yesterday. That trade alone doesn't symbolise retail. The number of big buy ups at 9.5c yesterday was several so I should think the appetite is greater now.

Agree kitty. These type of talks usually have been done long time ago. Just not transacted as accumulation has been going on for months.

On top of the AGM were resolutions were tabled to have rights issue etc. Such major resolutions usually have some sort of approval from controlling shareholder.

My guess is buyer has not mopped up enough of the shares and now has to buy out controlling shareholder's stake.