Why IMU is a multi multi bagger, page-20032

I agree that seems logical, but I have seen many companies acquired at their lows because investors just want to get something close. There are also still many investors who are at a profit, and the vote doesn't require 100% approval. It's been proven in countless studies that people will take the smaller reward today, even if they know they will forfeit a much bigger reward in the future, as people are present biased. Again though I don't actually think this will be the case for IMU, there is still quite strong investor support for the management team (who I am sure will advise against supporting a cheap offer) and I don't actually think a bid is going to come this early regardless. I'm just saying that bidders are going to try to score the lowest possible price they can get, because at the end of the day they maximise their own shareholder value by screwing us over. They won't value this where it ought to be valued at, they will value it at the lowest possible price they reckon they can get away with (hence why I usually don't like takeovers)

I agree with others here that there would likely be a bit of a bidding war when an offer does come. One bidder will trigger it with a cheap offer and the others will come rushing in to try and score this for themselves.