RE:Going 100% HoStile TO?For those of you following this sad saga, this dayTime drama....or if you have avested interested somewhere here......please note that it seems that after the latest SEC Filings, Riot has increased their holdings/ownership of SFarms to aproximately ~13.5%.........just a TAD below the 15% level that triggers the adoption of the so called "Poison Pill"........
Where we go from here is anyone's guess, but the fact Riot mgmt stopped just a little short of the 15% threashold.....and did not proceed further..... is quite interesting. Why? Because if they "REALLY" wanted to,....YESTERDAY'S massive decline in the miners........was the perfect opportunity to grab cheap shares (cheap compared to their offer price that is....& nothing else!) .....and to grab a boat load of them.......to massively increase their holdings, quickly......
....So WHY they did'nt they? By not increase passed the 15% ...along with that weird & cryptic news release they put out today.... is telling me that they were somewhat caught "Off Guard".....with the "small details" containedin the Poison Pill SFarms instituted........specfically the 15% trigger.....
So i guess now the "GAME" ball is still in Riot's court....and they heve to decide whether to continue lobbing it gently back over to SFarms.......and continue playing these silly games by accumulating at a snalis pace to see who blinksfirst ..... OR......blasting it back agressively .....with something out of left field which gives them the advantage!
Should be interesting to see which one happens in the next few weeks......Hopefully for Riot s/h sake .....like myself......this is DOA now & dies a quick death......and we go back to normal, resuming what made Riot a leader in the sector.... the first place!
GLTA