New to DSS but started reading the merger conference call transcript a month back while on vacation. It read to me as though this coming earnings will be ugly still (last of merger expenses, yadda yadda yadda). I also think this conference call is where the much needed discussion of how this merger makes sense occurs.
I have been thinking $1.20 - so your $1.25 is spot on - as a reaction to the numbers and then price rebound on reaction to the vision.
Hudson bay makes sense as the seller - I never bothered to look. If they are boosting me to an exit in VRNG before August 13th, I'll front-load them here too...
In any case, the sellers are original DSS holders that see this merger as a failure of what they were invested in and are not sticking it out to see what they own any more.