Hi Hardcash
That was the key problem with offering too little to begin with, but the even worse error IMHO, was to declare such a feeble offer as Best and Final on 28 Aug with 4 months still to go before the vote.
I don't know who in Strike pushed for this strategy, but it seems to me to be a very effective way of destroying STX shareholder value.
An initial offer like 7 for 10 would have seen STX flooded with acceptances by TPD shareholders and it would have genuinely been a Win Win for both sides.
What a mess Strike has made for itself.
Ann: Good Oil & Gas Conference, page-192
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $558.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2720 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 40553 | 2 |
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