This is what I can make out of it, about Holi's post.
""Hi to all brothers and sisters.
This the poor old Holiman that is now back here to say hello to all of you.
I have been fishing all day with MR. Linkonman and we have been trying to catch the big fish that has been swimming by.
Mr. Linkonman has said that 3% is/amounts to, about 10 million shares and he is the man that knows arithmetics. (He is the number cruncher), and the numbers have been turning over and over today. That's for sure.
Now this poor Holiman is going to start cooking the fish for dinner.
Blessing of the lord and the peace from above may be falling on all the brothers and sisters.""
End of my understanding/translation.
Yes, it is a little confusing and it seem that he is missing on something.
In the next post though, he makes a correction that the 3% is in fact 30 millions, With that he means 30 million shares.
Now if you think about it, 3% is what STO is entitled to add to it's holdings under the creep-up provision. And that may very well be the case that, that is what STO could be doing. With less than 30 million dollars in total they can increase their percentage holdings of the ESG Company by an extra 3%.
I hope this will help. That is my takings of it.
Buddy
ESG Price at posting:
85.0¢ Sentiment: None Disclosure: Held
