Hey Danknee, you're correct, it's called self interest..aka the vesting of free "performance" shares.
See ftroop's comments above. Stx needs Tpd (Walyering particularly) more than Tpd needs stx because of its own financial position due firstly to the delayed income from the late commissioning of walyering and secondly its costly accelerated development program (which I fully support BTW as it should result in a higher offer from potential suitors).
I understand that many stx SHs see more value in converting their Tpd to stx via the SOA, but I do not believe their often cited demise of Tpd in the event that the SOA is unsuccessful. Some knee jerk, short term pain, sure, but it would recover. Perhaps it would repercuss more on stx. TPD's share of $80M pa from Walyering, equates to 6c per share (stx 1.7c)...without W7. All I hear on these threads is "have patience." Well, I have plenty of that, as I've been here since 2007, so why can't I and other dual holders have patience with their Tpd investment? They were separate plays. Unfortunately, Gurvantes is now gonsky as has a fair part of the rationale for my investment in tpd. Well orchestrated by stx..if not a little unethically.
As Teddy Roosevelt once said "If you've got them by the balls, their hearts and minds will follow." Nevertheless, be wary of Gina's or CE's long game. Better Mitsubishi methinks.
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Hey Danknee, you're correct, it's called self interest..aka the...
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