Plenty of retail and largeish holders still holding still imho....

Plenty of retail and largeish holders still holding still imho. The rational course of action is to wait till the end.

Only HF holding are M&A arb. Thy likely all done now as the STX shorts have dropped.
Any other new insto money that got in on the corporate action likely underwater now even with the Gina 36c offer. I don’t think there’s much of that as it was a high risk, low reward dumb trade up in the high 30s.
we know all the buying there was MIN.

wait a week and all will crystallize