RE:*SpringOwl bumped 400k shares as wellSpring Owl is going to be buying at this stage because they are a disruptive active investor who always manages to push any offer higher through effective process (sometimes legal). It would not make sense to me that anyone, including Tao, would disrupt The Stars Group momentum at this stage with a takeover attempt, thus taking their eyes off their operations just as they have had with the Baazov fiasco. Rather, I see a consolidation of shareholdings at these levels because they believe the company has made the moves needed to go far higher and anticipate the addition of India and China (down the road) to be hugely accretive to the business. Again, we cannot know why GSO is selling but we know that SpringOwl buys on a hunch that something great is about to be announced. Next earnings announcement will include the effects of the new rewards, plus the huge exchange bump from the 1.12 range they had priced expectations at. July 1st the EURO was at 1.13USD and today it is at 1.18. If this is maintained, there is a 4% bump in topline of EURO based sales, which are a majority of the revenues in the last quarter, solely based on exchange. We know that most of the increased topline goes directly to bottom line since there is no added cost to that revenue and margins have been huge in the past two quarters.