Southern Pacific Resource Corp STPJF

Deal or No Deal?

[nikehercules]

Just looking at level II it appears somebody is very welling to buy and very willing to sell at 0.20.

Unfortunately, this looks like a deal at 20 cents.

Or it could just be a coincidence this happens to be at the end of the month when the strategic review would end - according to STP.

I hope my gut feeling is wrong.

If there is a deal - Eyeinvestor must be feeling pretty good.

Anyone else care to put forward another explanation?

[Junit290]

I believe there would be an official announcement prior to a deal officially going through. I'm thinking that some Stop losses may have triggered. It was a lot of cross trading from multiple banks at the same time. Considering how many shares were traded, we were lucky so many shares were in demand that the price could have went way further. 

[rehsifylf]

very curious and but likely based on yet more insider info.  This is how it rolls with this stock.  The end of the strategic review is relevant but why all the sudden that many shares would traded and at that price is not clear.  If the deal was at 20 cents, who would be in a hurry to sell at 20. If it is at less, who would want to buy?  If it at more, who would be