I have been considering the WGX bid for MGV. I wonder if WGX thought of making a cheeky bid which would result in 1 of 2 outcomes. Either, WGX picked up MGV on the relative cheap; or WGX would force RMS's (or some other company's) hand to move on MGV. Either way, WGX has a win. RMS has picked up AOP, BRB and MGV. Do they now have plenty on their plate to occupy them for a while, and thus taking them out of the M&A market for a little while?
Maybe I am giving too much credit to WB/WGX, but I reckon he setup a honey trap for RMS, that is, a diversion play.
I've been reading plenty of company announcements to try and discern who's going somewhere and who's pretending. It isn't easy to read the tea leaves! Maybe it's best not try to and predict the future and just keep on looking at the well funded companies with decent intercepts...
WGX Price at posting:
$1.60 Sentiment: Hold Disclosure: Not Held
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