Ann: Hancock Energy Fourth Supplementary Bidder's Statement, page-14

IMO this signals that MacNiven believes that all likely bidders have now shown their hands so he is happy to commit to Gina without the ability to back out. IMO it also signals that he believes STX won't increase their bid further.

So, if he is correct, it begs the question will Gina increase her offer to attract more of the fence sitters who otherwise would accept STX's offer. IMO this development probably does increase the chance of Gina increasing her offer since she knows that she has now sown up 21% holding and by increasing her bid to say $0.35 she will probably also secure a large number of other WGO holders who would opt for $0.35 cash rather than STX shares.

GLTA & DYOR