Yes, that aligns with what I would expect from this morning's trade. Buyers at 11c would be likely to vote in favour of the takeover, especially at volume. I did a quick calculation and figured there was over $100k for the person that got the 21-million-share parcel, and around $200k across the lot.
Well done and congratulations on your patience.
Conversely I would expect those who have entered at 11.5c to vote against the takeover. Based on the volume of trades at 11.5c I suspect that you're going to be badly outnumbered on the head count. Keep in mind that there will be no calling "poll" in the vote. I presume you will be feeding your newly acquired shares back onto the market at 11.5c to avoid the risk of being stuck holding a bucket load of loss-making, micro-cap, tech shares.
If you're lucky, by the time the meeting comes you won't have to vote at all!
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