Ann: Becoming a substantial holder, page-59

why are you so convinced that all the no votes, 82M, want out immediately. Surely the owners of those share still are people who want to make money. Take the Blake’s parents, most of their shares were purchased for 3c. Selling now will be at a significant loss for them. Unless they really think this is going nowhere, surely they would see that the current SP is not the true value, and hanging on for a little longer should get them a better out price. Holding 30M, they get an extra $30k for every pip they can get.
Getting out now really is not a good financial decision, and is more out of spite than canny investing.
Well, that’s what I would do if I held 30M shares.