Wake up people.
1. When STO bought ESG shares they valued them at $1
2. Shorting ESG pushes the price down.
3. The price of ESG is down to 70 cents
4. Why would STO do this when they have 20% of the company?
5. People say so they can make a low ball offer.
6. STO are going to look very stupid with an offer of a bit over $1 considering they valued ESG at $1 when they bought in before the reserve upgrade.
7.STO are going to look very stupid with an offer of $1.50 when the share price is not even half of that.
Basically STO would get nothing out of shorting ESG as it would be too hard to justify a low or high offer.
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