Recently there was "similar " thug of war between BPT and DLS
I bet both ways .
Takeover failed DLS went short term from $ 0.029 to $0.13
BPT went down from $ 0.85 to $ 0.75
my theory if MMX win it will be quick from $ 1.60 to +$ 3.00
if lose it will go to $ 1.00
if CHM win it will go from $ 0.03 to +$ 0.10
if lose it we go back to $ 0.01
Basically down side of losing company is less than upside of the winner in short term.
PS:
This is not financial investment or gambling advice
only IMO
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