takeover offer, page-37

Newbie here folks.
I have a small holding in IPM and see this move by COE as a very calculated, strategic, well thought out bid in a market where if you can get you money back in such oilers, take the offer and run.
Whatever happens from here COE will be the real winners as they've already got nearly 10 million shares at around $1.15 and the consensus on this thread seems to have IPM valued at $2