HandCock was wanting BETWEEN 40-50% OF WGO - THEN THEY COULD FOX THE STX HENHOUSE AND WOULD HAVE BEEN ABLE TO CONTROL STX WITH 20% HOLDING. MIN tipped them over the 50%, so they had to extend. Door closed....................
The Q now is do they reach >90% of WGO. Its critical now for HandCock. Otherwise they are left with a zombie.
Remember all those hedgies sitting on a loss at the moment - bought in high 30's/>36cents. They were hoping a few more upped bids would come through from either/both HandCock and STX - which didn't eventuate/STX shut the door............. Will those WGO shares go to STX or to HandCock or they sit on them.
WGO shareholders wanting exposure to largest PB play sell to STX. Convert your WGO and you get an 80cents STX share.............
STX continues to get a fatter balance sheet.
Hancock wins WGO, page-134
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $630.3M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.3¢ | $1.136M | 5.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 560988 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 779386 | 8 |
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