HEDGE FUNDS NOW GONE LONG

Am I missing something here then?
McIver reckons the stock is worth 60p.
The analysts reckon 60-65p is a fair valuation,
Why would the sp go above this now, as it seems that the BWIN deal is approaching completion.
Sure, there's going to be some pre-sale hype, but NO OTHER company is currently interested in making a counter bid. Why do you think others are interested? I may be wrong, but it is pure fantasy to think otherwise at the mo.

Maybe McIver is stating the opposite, no business minded person would reveal the true cost in they want. IMO the statement he made does not indicate that is happy with the 90p bid at all, let alone the current sp of SBT. I dont believe in analysts either.