The key is the following:With the t/o proposal, Strikes offers...

The key is the following:

• With the t/o proposal, Strikes offers 0.4828 new STX shares for each TPD share.
• If a party is short selling Strike, this party can immediately buy TPD shares
• This party can transfer those TPD shares back into STX shares when the t/o transaction closes.
• Hence, a complete risk-free short selling is possible because the shorter covers its short position via the TPD to STX transfer

The consequences:

=> >40m shares were shorted since 14th August (announcement of the t/o proposal). This delivers a huge amount of "artificial" supply which puts a lid on our share price

=> I think about 80m TPD shares were bought since than to cover the STX short position via the t/o transfer

=> Those TPD shares are representing until now >10% of the fully diluted TPD capital and will vote in favor of the STX proposal

=> The shorted STX shares are an opportunity to buy Strike for a very low price... I think, this is the underlying reasoning for the short seller... it's actually a buying STX shares very cheap strategy...



I think MIN is behind all these activities...