I do not think it is a major funding issue for TPD. I suspect that the 6 millions is for the lawyers, financial people (saying it is fair) and the splitting costs. But if it fails, who will carry the costs. If my suspicions is right, it means that the deal might not be fully in TPD favour and the financial people will say something like “unfair but reasonable”. I actually saw it before.
I can only see this is SN fault since both rounds is started by STX and end by STX but as I am not at the negotiation table, I can only guess it.
Both shares suffer similar lose today. Go back and finish Walyering. Otherwise, STX will be a meal for the big guys.
TPD Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held