Ann: Discussions with Strike Energy, page-117

I don't know either, Lethal
STX say they looked at the books and didn't like what they saw. They are probably just playing hard ball.
Meanwhile, TPD may have over played their hand and STX have called their bluff.
I am just disappointed the deal didn't go through.
It's not great for Strike either, as the market is now asking whether TPD's financing issues and the acrimony between the parties will delay Walyering further.
We all saw what happened when relations soured between WGO and STX.
In the end, WGO went for top dollar, but only because Beach, Gina and Ellison got involved.
I don't see a third party getting involved here.
As I said, I think a bird in the hand is often worth two in the bush.
And today's trading action validates my position.
I'm hoping this is another ploy by STX and they will come back over the top with a 1:2 scrip offer.
Otherwise I can see capital raisings and a languishing share price.