Appreciate the time you're putting into this
@Endyne
This is my simple read on it.
Scenario 1: Votes hit 90% - Unconditional Victory.
Scenario 2: Votes hit 80%.
(today's tally should easily take it over the line, yes? Even Crash would give us that prediction)
The 2 companies can shake hands and be happy with 80% and agree to the merge.
Share-holders who held out have to have a little more time to climb board but the deal would be done.
GMM would be controlled by GXY.
As soon as there is enough of those extra votes coming in after this announcement - see Scenario 1.
This is to protect GMM holders being locked out of the offer and the company being de-listed.
Fair is fair. Got to give them a chance to accept.
Galaxy control the time frame of the offer period at their discretion.
They added a week a few days ago meaning that this week extension allows them to make this announcement of successful today or tomorrow - yes? It's perfectly set up so that on the final day of the pre-announced offer period they can declare the merge as done ( with a week for the stragglers to lick the stamp).
They can add another week easily as part of their automatic rights under the >50% rule.
They didn't think it was necessary.
They can extend for up to a year, I believe.
Ball is in Galaxy/GMM's court already. How they play it is entirely up to them.
My bet is Scenario 2 + merge acceptance announcement = Scenario 1 very very quickly.
Tomorrow would be an auspicious calendar day for an announcement and press release.
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