Like many others, i also agree this whole things stinks of collusion. Gina was never going to get to 40% without Ellison helping her out. Ellison probably sees himself as her white knight, coming in and buying on market when she couldnt get the shares she needed and then giving her his shares on a silver platter and at a substantial loss. Hope the STX lawyers are looking at this very thoroughly.
What this has confirmed in my mind is that you absolutely cannot let Gina convert her WGO holding into STX. I am not sure if that is even her intentions, but after this shady back room dealing, if you are STX you MUST NOT let her on our register as you can be sure we will get shafted. So close it up now, do whatever is necessary. At this stage, another 3-5% of WGO shares committed this week to STX makes no difference.
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29 | 1334836 | 0.190 |
Price($) | Vol. | No. |
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