I don't see how they have been outgunned, except if people need...

I don't see how they have been outgunned, except if people need to sell immediately. They can make the offer, but no one would accept it. STX has the one thing they need to do what they want cashflow. It may not be as fast as they want, but like they you indicated they can take their time as they are the operator of all but the TEG wells. I think and most analsyts seem to support at minimum a 30c price tag heavily risked on the market, let alone with a takeover premium. The price does not make sense to me, and given that Hancock has not become a significant shareholder it would be really interesting to know how many shares are simply being repeatedly changed between parties in kahoots. I do wonder how many companies especially in the Oil & Gas space eventually get taken into private hands to avoid all the shenanigans that occurs in the market. HZN is my best Oil & Gas performer after being a dog for so many years, because it simply makes money and distributes money.