lion bid now worth measly 1.91c ps, page-6

Roy, your advice was the opposite a couple of weeks ago - so when do you stop being wrong?

Lion has legally agreed to make an unconditional bid.
You get paid 30% in a less than month to buy SBL at 1.5c and sell the much bigger much more liquid Lion (the whole of mkt cap of SBL gets traded in a week of Lion trade). There are a very few 30% in a month trades out there for good reason - it's too much. The SBL price will start to move toward the Lion bid - exactly the opposite of what you predict.