Share volumeThe volume on Friday shows 11.38 million on Bloomberg taking all exchange volume into account I'd assume. I don't think I read much into the volume number. BNK is in play and what's been said many times already on this blog is that nobody knows when SAFE will approve the deal . Both parties have said that it will close on or before September 30th, but even then I suspect if nothing material happens in the oil price , both parties will make an effort to extend the deal. That said, I also suspect that the SP will have a range of 0.10 until we get the approval. What's more this stock has limited upside from here and of course if SNAKE has some perfect knowledge he could make a trade. Does the deal fall apart? I doubt it very much. It doesn't make any sense. The weighted evidence supports a successful completion at some point or other .
It takes all kinds to make a market. Even idiots can play.