It looks like we sort of got what we wanted. The question now is time.

I think that the merger was always a ploy by SPQ to keep CLF's from swallowing it. Something has probably happened that SPQ no longer feels threatened by imminent take over by CLF and has decided to go it alone. It seems to me that the worth is at least around 0.19.

It could be that KWG was the one that actually put the boots to SPQ in that their value has become so high in comparison to SPQ that the share uprate couldn't hold together for a civil merger between the two. What I am trying to say is that SPQ stock are now worth lelss then the 1.3 multiplier that was put on the shares in regards to KWG. Consequently the agreement between SPQ and KWG fell apart and SPQ had to say goodby.

Either way if Clfs swallows SPQ at 0.19 or if SPQ stands on its own its final worth will be around .19 whether or not CLF takes out SPQ. Its just that in the short term their will be some price decrease before it finds its way back up.

Just some thoughts, before there is some more news.

:)