Ann: Hancock Energy Replacement Bidder's Statement, page-7

23 million shares were sold / purchased above the 28 cents Hancock bid price today only.

that is after the news that Beach were out and the Hancock offer was the only one left.

That is around $8 million in transactions.

Does anyone seriously think that amount would be spent if you thought you either had to sell your shares for 28 cents or the price was going to drift down to that level.

Why would anyone take a position above the 28 cents mark if they didn't think there was more to come.

This is not the end, far from it.