brocko,Not saying that you have done anything wrong, however...

brocko,

Not saying that you have done anything wrong, however that info from your friend could be considered insider trading.

Also, you seems to imply that State One (SO) knew there would be an anouncement. Now, I don't know SO's relationship with GPN but if they did know about an announcement and were buying up GPN, then that might also be construed as insider trading?

I did not trade GPN today because I could not see a reason to invest, however when 100M share get traded for, essentially no reason, you have to sit up and take some notice.

No dramatic conclusion to all this, but it does seem to further indicate that our market is not a level playing field (surprise, surprise) when it comes to market info - so individual investors are disadvantaged.