I disagree with your opinion !! .... a Takeover offer in the mid to high $4 mark will succeed. All shareholders can clearly see the reason the share price has risen from the $2 mark to current levels is because of the Substantial Holder buying shares, so the premium you are talking about has already occured !! If they get 10% of the company on market they will clearly show that the share price has already gained 50-80% due to them.... Then if the share price got to the $4 mark and they then added another 20% premium I would say the company is as good as sold/gone !!
Most will accept that especially after the last attempted takeover offer was in the high $2 region only a few months ago.
TRS Price at posting:
$3.77 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)