“…when either a superior offer is presented, or, the report...

“…when either a superior offer is presented, or, the report commissioned by ESS shows that the offer price is on the low side and should be sweetened.”
— There’s absolutely nothing to demonstrate either of the above will eventuate in any way. I’m convinced people are selling below 50c because they believe this t/o will NOT transpire and therefore, we’ll presumably see a sell-off from those buying today’s shares.