Many on these threads seem to be convinced that Gina is hell bent on taking over Strike.
If she were to do this she would have to offer considerably more than the current share price. I have no idea what this price would be but lets say 28c. if one was to buy now at say 23c then one would stand to make (28-23)/23*100 =21.7% profit. This is not bad even if Gina dallies and takes a year or so to make up her mind. Of course, if there are other interested parties, who would also put in a bid, then forget t28c, think somewhere in the thirties or even in the forties.
The question I keep asking myself, If I can work this out then it must be kindergarten stuff for the big investors with large analysis analysis staffs and with deep pockets.
What is wrong with my thinking?
STX Price at posting:
22.3¢ Sentiment: None Disclosure: Held
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