Exactly.They have, in poker parlance, 'overbid', and the sellers...

Exactly.

They have, in poker parlance, 'overbid', and the sellers have folded.

But if no further buying happens, those sellers who are waiting and watching on the sidelines may lose their nerve and take what buys there are left...

For most of us on here, it is all academic though, as our target price to sell is a long way off...

IPR is still a long way short of just their cash backing, and then most of us would accord IPR a fair EV based on their pipeline of cases.

To be honest, IPR would be better to do a dual listing in the US, where IPR's business model is not so foreign to investors. And the price at which shares could be floated there is far in excess of where they are trading at atm.

If that were to happen, the alleged capital raising at 20 cents to 'sophisticated investors' could actually happen. And most of us would be happy to dilute out holdings at that price, as it would be value-accretive for existing shareholders.

Just a thought...