at near the "take-over" price from BPT, i.e. near 8.25c!! Why...

at near the "take-over" price from BPT, i.e. near 8.25c!! Why would people buy now at a price they can get in several months only - unless they DO assume that there WILL be a better offer forthcoming??! (I can somehow understand the people that want to sell, i.e. lock-in that "take-over" pricing early on - as those do NOT expect for a better offer). Well, there is a functioning market.
Time will tell which way this will end.
wasa