Analyst Update, page-105

I agree. The way I see it, is that the BOD has eight trading days to pull a rabbit out of the hat to avoid, what could be, a nasty issue.

But realistically, I can't see Hancock getting ownership or even control of STX. No worries, mate. The BOD is a group of entrepreneurs, they won't give up control of this company without a fight.

STX is a developing company with great potential, despite the current hiccup. I suspect that there will be a few lustful eyes other than Hancock on its progress. What are some of the options.

1. An outright TO. Nice and clean, but it would have to be good. Much better than current VWAP.

2. A merger with Hancock. See OT's last few posts. A merger has lots of benefits and a common interest.

3. A JV. Please no. Not good for shareholders. For what it's worth, I wouldn't support it. IMO
- conflicts and disputes
- different interests and objectives
- poor communication
- one dominant partner - who is the boss
- one partner will shoulder much of the work
- unequal distribution of resources
- one partner will supply the expertise, and the list goes on.

Just my thoughts.