clueless

I have to admit that I’m extremely confused about what is going on with BBI – First of all I wasn’t expecting to re-list again: First strike.
Secondly, from the trading perspective, I have 2 major questions: who is holding when the target price is below the actual price? for that matter the target for BBI is 4c and current hasn’t dropped under 4.5c. This leads to my second question, who’s buying on that basis? I would maliciously suspect parties interested in guaranteeing the deal is done.
From the SPP perspective, who gives a f… about holding, if a shareholder was holding last week they’re eligible, therefore why hold over 4c? Who’s giving support and how much longer will it last? Are we expecting deal to be rejected and a better offer on the table?
At the moment I have to admit that I’ve totally lost the plot – if someone may enlighten me I would be grateful since it is evident that I’m missing something.
Good luck whatever position you might have.

Cheers