Your views are consistent with BIP running a very professional "steal" of PIH.
Your insights to the share trading appreciated however we do not know if these were going in to one or numerous "holders" and it is the number of holders voting that will hold the key.
As you correctly point out "in the market you can never be sure what the next turn is".
Ifandwhen,
Not clear on what you mean by...
"I have in my mind that BIP will be using this factor, and not just price, to influence participation to either scheme."
PIH Price at posting:
$4.60 Sentiment: Hold Disclosure: Held