RE:Why did the stock price go up instead of down?"... There's a reason institutions don't want to renew it..." One question Wheeloffortune: Where have you read that institutions do not want to renew existing deals?! I have never read it. If they are not interested in the company the would never have allowed to expand the timeline. They would have killed scorpio to get the money back from the existing assets. There are two other possible answers: Scorpio was not interested because they want to be independent or the institutions want to become a big shareholder in this company because of what they already see in the future (they have more information about what will happen here). I think it will be very interesting to see who will be part of PP ;-) I also think that there is someting brewing behind the scenes. Millions of shares have been bought in the last two days. I do not think that all of the buyers are gamblers or simply stupid. Only my 2 cents