i bought today

Well I bought today at $4.25. It seems there are two possiblities for REB

1. At the meeting on Thursday, the takeover will be approved. That will mean the shares will be bought back at $4.60.

2. Some of the major stakeholders who have been increasing their holdings are planning to vote against the takeover because they believe REB is worth more than the $4.60 takeover offer.

Looking at the financials for this company would indicate that the shares may be trading around $5 by the end of the year in the absence of a takeover.

To me purchasing at $4.25 is a win/probably can't lose situation.

I've also put a lower bid to catch any market swings following the vote on Thursday