Ann: Change in substantial holding, page-19

given there is 60M+ shares left to buy and the average holding size is <10000 shares per holding would indicate there is still an excellent chance of ~600 shareholders still holding out.
and those 600 aren't going to rush to shovel off smaller parcels for a large loss.
I still think the advantage is sitting with this takeover not getting up.
I'm tipping he takes the win of accumulating 30% more of the company very cheap and continues on his way.
Remembering he isn't allowed to buy shares any other way. he could only accumulate an additional 3% a year.
I would expect he takes this and the final 20% get a slightly better offer in 6-12 months...

or he further tanks the SP and offers us less in 12 months.

hold tight!!!