68Huey,
The reason some sell is that it is only an offer.If the board and the share holders reject the offer it does not mean that the offer will increase. as what happened with arrium some time back , an offer was made at .88c today their sp is .35c.The old saying the bird in hand is worth 2 in the bush.
Cheers Zubric
TSE Price at posting:
$1.90 Sentiment: Hold Disclosure: Not Held